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Ethereum’s price has surged 200% since April, driven by robust network fundamentals and growing institutional adoption. While recent volatility wiped out millions in leveraged positions, on-chain data reveals strengthening demand for blockspace and record stablecoin circulation. This rally appears fundamentally supported rather than purely speculative.
- Institutional accumulation reached new heights with BitMine holding 1.7M ETH worth $8B, making it the largest corporate holder
- Layer 2 networks are driving momentum with Base processing nearly half of all L2 activity, followed by Arbitrum and Worldcoin
- The Ethereum Foundation launched new security initiatives including a public vulnerability database and human-readable transactions to prevent blind signing
📎 Related coverage from: cryptopotato.com