Ethereum’s $7.3 billion fee surge – How utility will fuel ETH

• Ethereum has been in fees for $ 7.3 million in the last year, despite the lagging of the price.
• Is this overvoltage of the shift signaling towards the basic usefulness before speculation?

Ethereum [ETH] Perhaps this altseason will not lead, with its price by 26% to Q3 2025. However, the network itself is something other than quiet.

Whale wallets, which are held between 1,000 and 10,000 ETH, increased by 6.5%in the same period. Meanwhile, the network has added more than 21 million new addresses, which pushes the total addresses of almost 10%.

Cumulatively, could signals Point out the foundations for the next chapter? Maybe even a shift from a speculative asset to a full -fledged Web3 economy?

Demand for Ethereum in the chain defies the price action

Nothing illustrates the network usefulness of 1 blockchain layer better than generating fees and Ethereum continues to dominate this front.

Over the past 12 months network He generated fees for $ 7.3 billion.

Stablecoin issuers, such as Tether and Circle, represented the largest share of $ 4.3 billion ($ 59%), with Lido funding brought fees for $ 910 million, because downloading ETH became the main current.

Meanwhile, active lending protocols such as Aave, Morpho and Convex Finance have remained, and generate $ 767 million. Despite the caution of the market, loans continue to increase constant involvement.

Finally, decentralized stock exchanges, such as Uniswap, have added $ 750 million in fees, underline the resistance of business activities on the chain and flow streams.

But it can only be a surface. According to Cryptoquant, 25 June, Ethereum processed 1.75 million confirmed the transaction and marked its third highest daily total number.

In fact, this increase was based on the “Transaction Count” metric (total) covering ETH transfers, intelligent contracts and defi interactions, touching such levels since January 2024 of the highest 1.96 million.

As Ambypto emphasizes, this increase in activity could signal more than short -term fluctuations. This suggests that Ethereum can enter a new structural phase of growth – oNot led by usefulness, not hype.

ETH prevents key support, eyes range highly test

Technically, Ethereum is still in the game.

Then the liquidity catches below $ 2,300, the price bounced back to the range and now moves just above the key support zone. It is not quite bull, but it certainly does not break.

You can say that an area of ​​2,300-2 400 $ makes some heavy lifting. If ETH holds this zone and begins to push back to $ 2,575, the market could re -prepare to move towards the top of the range.

But if it slips, a level of $ 2,100-2 200 may be required for the last flushing before the actual awake. There they start to depend on the foundations of Ethereum.

Through price action, ETH is breakage of new land in transaction volume and network growth. This kind of “sectoral” extension is exactly what society and Dao are looking for in long -term commitment.

So as soon as the wider sentiment of the market shifts from the risk regime, the Ethereum is ready to lead again. Only this time the assembly could be more driven by real usefulness than hype – a key differentiatiator for a “sustainable” upward.