Ethereum person exercise reportedly surged in August, reaching ranges not seen for the reason that peak ranges of 2021. This exercise coincided with a resurgence in non-fungible token (NFT) exercise to the best degree since 2023.
Ethereum reportedly reached its highest degree of month-to-month lively addresses in years — 19.45 million distinctive addresses in August 2025.
Month-to-month lively addresses measure what number of distinctive wallets work together with the Ethereum blockchain inside a given month and seize all types of exercise within the community, together with transfers, DeFi, NFTs, and staking.
Ethereum community exercise set new information in August 2025. Supply: Block.co
Ethereum reclaimed milestones in August
In keeping with information from Block.co, there was a transparent upward development in Ethereum’s person exercise over time.
Again in January 2018, Ethereum had 17.49 million lively addresses however by Might 2021, the quantity had crossed 20 million. It has endured a gradual decline since then and has struggled to reclaim these highs.
This 12 months, the lively addresses hit 19.45 million, the closest it has ever come to its 2021 peak.
Analysts declare this progress highlights not solely rising curiosity but additionally the growth of the ecosystem with extra initiatives, builders, and customers now actively constructing on Ethereum.
It additionally signifies sturdy on-chain utilization throughout on Ethereum’s Layer-1 (L1) and L2 networks, which is proof of elevated adoption and utility past speculative buying and selling.
Transaction quantity solely noticed a notable uptick final month, suggesting rising engagement with decentralized purposes (dApps), decentralized finance (DeFi), and NFTs.
Are NFTs again?
The NFT market has not been the identical for the reason that 2021 craze. Since then, buying and selling volumes have dropped, collections misplaced momentum, and bag holders have turn out to be the butt of some witty jokes.
Matas Čepulis, Founder and CEO of LuvKaizen, is a kind of who refuse to consider the NFT season won’t ever return or be what it as soon as was. He believes they’re nonetheless related as they faucet into highly effective emotional and social dynamics. He cited examples of initiatives like Pudgy Penguins which have grown into huge manufacturers as proof that the house is just evolving, not going away.
In keeping with information from NFTPulse, the variety of lively NFT customers throughout blockchains has practically doubled since early summer season.
NFTs on Ethereum (ETH) have additionally seen renewed momentum as they’ve surpassed Solana in NFT person rely since June, a feat that will probably be linked to Pudgy Penguins’ presence on Summary, an Ethereum Layer-2.
Information from cryptoslam.io additionally confirms that ETH NFTs have been growing in gross sales since April, peaking final month at $285.6 million with over 1.5 million transactions.
The worldwide NFT market measurement in 2025 is at present estimated at $49–61 billion, and studies declare Ethereum powers as much as 62% of all of the NFT transactions.
So are NFTs again? In a manner, they by no means left however the market has matured. Not like the 2021-2022 NFT craze, which was pushed largely by hypothesis, the present development has seen the market favor utility-based NFTs, like these linked with gaming and DeFi, over vibe-based initiatives with nothing to supply aside from hype.
