As Bitcoin retests a new high this October, Ethereum<\/a> lags, even touching a low of $2,322 last October 3rd. Since then, Ether has slowly inched its way up the price charts, reaching as high as $2,721, before re-tracing the $2,500 level.<\/p>\n \ud83e\uddf5 Crypto Network Dynamics: Analyzing Address Activity, Transaction Volume, and Market Dominance Trends.<\/p>\n 1\/4: Ethereum leads in active addresses with 43%, reflecting strong network activity. Tron follows at 21%, signaling its growing user base, with Tether and Toncoin also\u2026 pic.twitter.com\/zjyjQlqXBL<\/a><\/p>\n \u2014 IT Tech (@IT_Tech_PL) October 30, 2024<\/a><\/p><\/blockquote>\n Analysts say Ether\u2019s recent move is due to increased on-chain activities. Based on IntoTheBlock data, Ethereum\u2019s blockchain has seen an increase in addresses, beating other ecosystems. The blockchain accounts for 43% of all active addresses, leading other popular blockchain projects like BTC, TRX, TON, and USDT.<\/a><\/p>\n The active addresses in a blockchain are an important metric that analysts check to gauge the blockchain\u2019s popularity. According to InTheBlock tracking<\/a>, the Ethereum blockchain remains the leader, accounting for 43% of all active addresses.<\/p>\n Tron comes in second, with a 27% share of all active addresses. TON by Telegram is also in the Top 5 list of InTheBlock as of October 1st, and it offers an interesting picture of an increasing user base.<\/p>\n Other tokens making significant inroads in active addresses are USDT by Tether and Toncoin. Analysts say this data indicates Ethereum\u2019s dominance, particularly in adoption and network activity.<\/p>\n\n
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<\/p>\nEthereum Addresses Dominate<\/strong><\/h2>\n