Ethereum’s network is booming, even though its price isn’t doing so well. According to crypto analytics firm Santiment, the network is healthier than ever.
Ethereum’s Growing Network
The number of new Ethereum addresses created weekly is huge – between 800,000 and 1 million. That’s significantly more than last year. At the time of writing, ETH is trading around $2,421, down over 3.5% in the last 24 hours.
Tron Steals the Social Media Spotlight
While Ethereum’s network is growing, another blockchain, Tron (TRX), is making a lot of noise on social media. People are talking about Tron’s deflationary tokenomics, staking options, role in stablecoin transactions (especially USDT), and potential NASDAQ listing. Discussions also focus on Tron’s growing DeFi, NFT, and dApp ecosystem, its low transaction costs, and a recent large reverse merger. TRX is currently trading at $0.273.
In Summary
While Ethereum’s network shows strong growth, Tron is currently dominating the social media conversation. This highlights the dynamic nature of the crypto market, where network activity and social media buzz don’t always correlate directly with price.