Ah, Ethereum (ETH), that tempestuous harlot of the blockchain, has once again stirred the depths of our collective greed with a surge in transactions so colossal, it would make Raskolnikov blush. Behold, the chain hath birthed a new all-time high (ATH) of 889,300 weekly users, as proclaimed by the zealous Joseph Young, a man whose fervor for Ethereum borders on the religious. 🕊️✨
Can the masses hoist Ethereum to $4,000? Or is it but a mirage in the desert of speculation?
Mark well, dear reader, these are not mere phantoms of the digital realm, but 889,300 unique wallets, each a soul writhing in the labyrinth of smart contracts, staking, and trading. Is this not a testament to the flesh-and-blood demand for Ethereum’s network, rather than the hollow whispers of speculators? 🧐💼
The weekly transaction metric, that sacred oracle of network health, adoption, and utility, doth proclaim: more souls are entwined in the web of on-chain activity. Yet, is this not but a dance of shadows, a fleeting spectacle in the grand theater of cryptocurrency? 🎭🔗
Young, ever the prophet, attributes Ethereum’s dominion to the unholy trinity of stablecoins, DeFi, and trading. USDT, DAI, USDC-these stablecoins, like so many lemmings, still find their solace in Ethereum’s embrace, even as its layer-2 systems groan under the weight of their volumes. 🤑🔗
And what of DeFi, that siren of the crypto seas? Lending, staking, derivatives, yield protocols-each a temptress luring users deeper into the abyss. Ethereum, it seems, remains the bedrock upon which the dreams (and delusions) of on-chain finance are built. 🏰💰
the number of transacting users on ethereum just hit a new ALL-TIME HIGH.
889,300 users transacting on ethereum every week.
it comes from ethereum’s dominance across:
> stablecoins
> DeFi
> trading (Lighter, Uniswap)post-Fusaka ethereum is scaling VERY effectively.
ETH.
– Joseph Young (@iamjosephyoung) January 13, 2026
Might this surge in transactions be the catalyst for Ethereum’s ascent to the fabled $4,000? Five months past, it grazed the heavens at $4,953.73, only to be cast down by the cruel hand of resistance. Yet, like a phoenix from the ashes, it now stirs once more. Will it rise, or shall it be consumed by the flames of its own ambition? 🔥📈
As of this scribbling, Ethereum trades at $3,138.34, a modest 0.76% rise in the past 24 hours. Trading volume, too, hath swelled by 10.32% to $18.28 billion. Will this be enough to breach the $3,200 resistance, or is it but a fleeting gust in the tempest of the market? 🌪️💹
Post-Fusaka: A Scaling Odyssey, or Mere Illusion?
Young, ever the optimist, declares that “post-Fusaka, Ethereum is scaling very effectively.” The Fusaka upgrade, he claims, hath fortified the network, allowing it to bear the weight of its growing horde without succumbing to chaos. Yet, is this not but a temporary reprieve, a bandage on a gaping wound? 🩹⚙️
The new activity, the all-time high-these are but symptoms of a network straining under its own success. Yet, for now, the users remain, and the roadmap unfolds. Will Ethereum’s journey be one of triumph, or shall it be lost in the labyrinth of its own making? Only time, that cruel arbiter, shall tell. ⏳🚀
Read More
- OP PREDICTION. OP cryptocurrency
- GBP USD PREDICTION
- ALGO PREDICTION. ALGO cryptocurrency
- SUI PREDICTION. SUI cryptocurrency
- USD IDR PREDICTION
- USD MYR PREDICTION
- USD UAH PREDICTION
- EUR UAH PREDICTION
- USD GEL PREDICTION
- PEPE PREDICTION. PEPE cryptocurrency
2026-01-13 14:38