Ethereum ($ETH) is experiencing considerable heights in the transaction counts on its mainnet L1 blockchain as well as L2 scaling solution, Optimism. The latest market data reveals that both the Ethereum L1 and Optimism have touched the new all-time high in the case of their transaction counts. As per the latest report from CryptoOnchain, this remarkable development indicates the rising organic adoption of both the networks in the market. Additionally, this upsurge also presents a bullish scenario for the wider Ethereum ecosystem, irrespective of its present price consolidation.
Ethereum and Optimism Near Strong Breakout as Transaction Counts Reach Peaks
Based on the exclusive data, the transaction counts on the Ethereum Mainnet L1 have jumped to the 30-day peak in terms of moving average. This signifies noteworthy demand for Ethereum, displaying the expansion in network usage despite the decreased price action. The market observers are of the view that the respective surge signifies a clear growth in adoption across NFT ecosystem, DeFi protocols, and decentralized applications (dApps).
Ethereum Ecosystem Experiences Growing Adoption Amid Network Activity Surge
The heightened transaction counts of both Ethereum and Optimism signal a potential dual-network breakout in the near term. According to CryptoOnchain, this is more than just a speculative hype as the ecosystem is going through an actual adoption across the market. Keeping this in view, the Ethereum ecosystem appears set to surpass its resistance to enter a unique phase of exclusive price discovery.
