- Ethereum’s Q1 2025 DApps generated $1.01 billion in fees
- Ethereum whales dropped by 10%, and retail activity has been declining too
Ethereum’s [ETH] DApps raked in an impressive $1.01 billion in fees during Q1 2025, showcasing the strength of the network’s ecosystem. This, despite Ethereum’s own underwhelming performance over the same period.
However, there’s a subtle shift happening beneath the surface – The number of Ethereum whales has dropped by 10% since February, hinting at a potential change in investor sentiment.
Could the rise of DApps be masking deeper concerns about ETH’s long-term prospects?
A billion-dollar quarter, but ETH still lags behind
Source: X
Despite Ethereum’s ecosystem raking in over $1 billion in application fees, ETH itself has been one of the worst-performing major assets in Q1 2025.
According to recent data, ETH dropped by a staggering 41.63% between January and April, underperforming both Bitcoin and the S&P 500.
Source: IntoTheBlock
This disconnect between network utility and token price hinted at a troubling divergence – DApps may be thriving, but ETH holders are feeling the heat.
While usage remains robust, the market appears unconvinced of ETH’s value as a capital asset. On the contrary, Bitcoin holds firmer ground, further intensifying the narrative that Ethereum may be losing its grip as the market’s second most trusted bet.
Ethereum – Whales retreat, retail weakens
Source: X
Ethereum’s price woes seemed to be mirrored by a sharp retreat in both whale and retail network activity. Addresses holding over 10,000 ETH have dropped by nearly 10% since mid-February, falling from 999 to just 896 as of 04 April – A sign of deep-pocketed disinterest or rotation.
Source: Santiment
However, the exodus isn’t limited to institutions. Daily active addresses steadily declined throughout March and nosedived in early April, now hovering near 205,000.
The combination of fading whale confidence and dwindling grassroots usage alludes to a broader capitulation across Ethereum’s user base. This also paints a bleak on-chain picture heading into Q2.
Ethereum’s price outlook
Source: TradingView
Ethereum fell to $1,513 at press time, marking a 4.17% drop and extending its multi-week downtrend. The RSI plunged to 26.45, deep into oversold territory, indicating intense selling pressure. The MACD histogram flashed negative, with the Signal line far below zero – A classic confirmation of bearish momentum.
Notably, no bullish divergence seemed to be visible, suggesting there’s little sign of reversal. Unless ETH finds support above $1,480, the next psychological floor would lie near $1,300.
- Ethereum’s Q1 2025 DApps generated $1.01 billion in fees
- Ethereum whales dropped by 10%, and retail activity has been declining too
Ethereum’s [ETH] DApps raked in an impressive $1.01 billion in fees during Q1 2025, showcasing the strength of the network’s ecosystem. This, despite Ethereum’s own underwhelming performance over the same period.
However, there’s a subtle shift happening beneath the surface – The number of Ethereum whales has dropped by 10% since February, hinting at a potential change in investor sentiment.
Could the rise of DApps be masking deeper concerns about ETH’s long-term prospects?
A billion-dollar quarter, but ETH still lags behind
Source: X
Despite Ethereum’s ecosystem raking in over $1 billion in application fees, ETH itself has been one of the worst-performing major assets in Q1 2025.
According to recent data, ETH dropped by a staggering 41.63% between January and April, underperforming both Bitcoin and the S&P 500.
Source: IntoTheBlock
This disconnect between network utility and token price hinted at a troubling divergence – DApps may be thriving, but ETH holders are feeling the heat.
While usage remains robust, the market appears unconvinced of ETH’s value as a capital asset. On the contrary, Bitcoin holds firmer ground, further intensifying the narrative that Ethereum may be losing its grip as the market’s second most trusted bet.
Ethereum – Whales retreat, retail weakens
Source: X
Ethereum’s price woes seemed to be mirrored by a sharp retreat in both whale and retail network activity. Addresses holding over 10,000 ETH have dropped by nearly 10% since mid-February, falling from 999 to just 896 as of 04 April – A sign of deep-pocketed disinterest or rotation.
Source: Santiment
However, the exodus isn’t limited to institutions. Daily active addresses steadily declined throughout March and nosedived in early April, now hovering near 205,000.
The combination of fading whale confidence and dwindling grassroots usage alludes to a broader capitulation across Ethereum’s user base. This also paints a bleak on-chain picture heading into Q2.
Ethereum’s price outlook
Source: TradingView
Ethereum fell to $1,513 at press time, marking a 4.17% drop and extending its multi-week downtrend. The RSI plunged to 26.45, deep into oversold territory, indicating intense selling pressure. The MACD histogram flashed negative, with the Signal line far below zero – A classic confirmation of bearish momentum.
Notably, no bullish divergence seemed to be visible, suggesting there’s little sign of reversal. Unless ETH finds support above $1,480, the next psychological floor would lie near $1,300.
buy clomiphene without dr prescription cost of generic clomiphene for sale cost of clomid without prescription clomid tablets for sale can i get generic clomid without rx can i get generic clomid without insurance get clomid without insurance
This is the description of content I get high on reading.
This is a question which is virtually to my fundamentals… Diverse thanks! Exactly where can I upon the contact details due to the fact that questions?
buy cheap zithromax – ciplox 500 mg cost metronidazole uk
rybelsus 14mg price – order rybelsus 14mg online order periactin generic
buy domperidone 10mg online – buy generic cyclobenzaprine for sale flexeril 15mg us
generic inderal 10mg – methotrexate 10mg over the counter order methotrexate 5mg sale
where to buy amoxil without a prescription – buy amoxicillin cheap ipratropium 100mcg us
zithromax 250mg over the counter – azithromycin 500mg price buy bystolic pills
purchase nexium online cheap – https://anexamate.com/ nexium oral
buy warfarin without a prescription – https://coumamide.com/ order losartan 25mg pill
mobic ca – https://moboxsin.com/ buy mobic 7.5mg sale
deltasone tablet – https://apreplson.com/ prednisone 40mg ca
buy ed pills online usa – ed pills comparison buy ed pills medication
buy amoxil generic – comba moxi buy amoxicillin online
order diflucan 200mg pills – fluconazole 200mg canada diflucan 100mg drug
cenforce oral – order cenforce 50mg pills order cenforce 50mg sale
cialis active ingredient – when does cialis go generic san antonio cialis doctor
ranitidine 300mg brand – https://aranitidine.com/# order zantac 150mg pill
Thanks an eye to sharing. It’s first quality. clomid comprar
order viagra now – red pill like viagra viagra cheap online no prescription
The thoroughness in this piece is noteworthy. prednisone copd
More articles like this would make the blogosphere richer. https://ursxdol.com/augmentin-amoxiclav-pill/
Proof blog you be undergoing here.. It’s obdurate to assign elevated worth writing like yours these days. I truly appreciate individuals like you! Go through mindfulness!! https://prohnrg.com/
This is a keynote which is in to my callousness… Diverse thanks! Unerringly where can I lay one’s hands on the phone details due to the fact that questions? on this site