Ethereum ecosystem is thriving…Most transactions worth over $1 million since August

Layer 1 Ethereum appears to be experiencing a resurgence in on-chain data, with transactions increasing sharply.
According to on-chain crypto asset analytics platform Santiment, $1 million was transferred to the blockchain last week alone.
On Tuesday, 8,482 Ethereum transactions worth 1.2 trillion won (approximately $1.53 million) were recorded, the highest figure since August.
In relation to this, Santiment said, "Recently, Ethereum whale on-chain activity has increased.
"The amount of activity has increased significantly," he said, adding that "Ethereum prices are expected to rise."