ETH just hit a record… but price didn’t follow 🤔



Ethereum processed 200M+ transactions in Q1 — first time ever 📊

That’s a massive jump:
+43% QoQ growth
More than 2x from 2023 lows

But price?
Still ~50% down from ~$5K highs
Currently around $2.3K

What’s driving the activity 👇
• Layer 2 expansion (Base, Arbitrum)
• Stablecoin usage hitting ATH (~$180B supply)

More usage ≠ more revenue

After the Dencun upgrade:
→ data costs dropped
→ fees + burn weaker than before

So even with record activity,
ETH value capture isn’t scaling the same way

Key question:
Is this a lagging price = opportunity?
or
Is the model changing?

If transactions stay elevated into Q2,
bull case strengthens 📈

If not,
this could just be temporary usage spike

#btc #eth
ETH4,43%
BTC4,01%
ARB5,44%
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abcmm
· 38m ago
Steadfast HODL💎
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故王以戈
· 3h ago
Buy the dip and enter the market 😎
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故王以戈
· 3h ago
Get in quickly!🚗
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