以太坊的主動地址為37％，作為DEFI和機構興趣驅動網絡活動

以太坊（ETH）一直是加密貨幣市場上最容易受到關注和有價值的資產之一。多年來，以太坊已從分散的智能合同平台發展為一個龐大的網絡，支持廣泛的分散應用程序（DAPP），金融服務等。

Ethereum’s (ETH) continuous growth in the cryptocurrency market has been fueled by several key factors, including the surging popularity of decentralized finance (DeFi) protocols and the increasing institutional demand for the asset class.

以太坊（ETH）在加密貨幣市場中的持續增長受到了幾個關鍵因素的推動，包括分散融資（DEFI）協議的普及以及對資產類別的機構需求的增長。

As the second-largest cryptocurrency by market capitalization, Ethereum has seen a notable surge in network activity, with a 37% increase in active addresses. This marks a significant rise, surpassing previous peaks and highlighting the rapid growth of the Ethereum network.

作為市值的第二大加密貨幣，以太坊的網絡活動激增，主動地址增加了37％。這標誌著顯著的上升，超過了先前的峰值，並突出了以太坊網絡的快速增長。

To understand what drives these fluctuations, it’s crucial to explore the factors that have led to this surge and examine how they are shaping Ethereum’s future.

為了了解導致這些波動的是什麼，探索導致這種激增的因素並研究它們如何塑造以太坊的未來至關重要。

One of the most significant factors contributing to Ethereum’s growth has been the explosive rise of Decentralized Finance (DeFi). DeFi refers to a set of financial products and services that operate without central intermediaries like banks or brokers. These services are powered by smart contracts on Ethereum’s blockchain, leveraging its robust ecosystem to facilitate lending, borrowing, trading, and yield farming.

促成以太坊增長的最重要因素之一是分散融資（DEFI）的爆炸性上升。 Defi是指沒有銀行或經紀人等中央中介機構的一系列金融產品和服務。這些服務由以太坊區塊鏈的智能合約提供支持，利用其強大的生態系統來促進貸款，借貸，交易和產量耕作。

Ethereum’s blockchain is the primary foundation for most DeFi protocols. As Ethereum continues to dominate the DeFi landscape, the growth in the DeFi sector directly impacts Ethereum’s network activity.

以太坊的區塊鍊是大多數FEFI協議的主要基礎。隨著以太坊繼續主導Defi景觀，Defi部門的增長直接影響以太坊的網絡活動。

Uniswap, as a decentralized exchange, facilitates the trading of ERC-20 tokens, which are primarily tokens created on the Ethereum network. Uniswap has maintained a dominant position in the DEX market with a 22% market share. In early 2025, the platform has seen nearly $1 billion in daily transaction volume.

作為分散的交易所，Uniswap促進了ERC-20代幣的交易，ERC-20代幣主要是在以太坊網絡上創建的令牌。 UNISWAP在DEX市場中保持了主要的位置，市場份額為22％。在2025年初，該平台的每日交易量已接近10億美元。

This robust activity, driven by yield farming and other DeFi services, reflects broader trends of DeFi adoption and Ethereum’s growing network use.

這種強大的活動是由產量耕作和其他Defi服務驅動的，它反映了Fefi採用和以太坊不斷增長的網絡使用的更廣泛的趨勢。

With Ethereum powering most of the popular DeFi platforms, it is no surprise that its active address count and transaction volume are increasing. The growing DeFi sector not only boosts Ethereum’s utility but also drives more demand for ETH as users engage in trading, lending, and liquidity provision.

隨著以太坊為大多數流行的DEFI平台提供動力，其主動地址計數和交易量正在增加也就不足為奇了。不斷增長的防禦部門不僅可以提高以太坊的公用事業，而且隨著用戶從事交易，貸款和流動性提供，對ETH的需求增加了。

In addition to the growing influence of DeFi, institutional demand has also played a crucial role in driving Ethereum’s growth. Ethereum’s adoption by institutional investors has accelerated in recent years, as these investors recognize the potential of the blockchain for not only supporting decentralized finance but also facilitating enterprise solutions such as smart contracts, tokenization, and NFTs (non-fungible tokens).

除了對Defi的影響不斷增長外，機構需求在推動以太坊的增長方面也起著至關重要的作用。近年來，以太坊對機構投資者的採用已加速，因為這些投資者認識到區塊鏈的潛力不僅支持分散的財務，還可以促進企業解決方案，例如智能合約，代幣化和NFTS（不可依靠的代幣）。

Over the past year, Ethereum has gained the attention of large financial institutions, including investment funds, hedge funds, and even multinational corporations. Notably, institutional investors have demonstrated significant interest in Ethereum for its innovative use cases and its role in supporting decentralized applications.

在過去的一年中，以太坊引起了大型金融機構的關注，包括投資基金，對沖基金，甚至跨國公司。值得注意的是，機構投資者對以太坊對其創新用例及其在支持分散申請中的作用表現出了重大興趣。

This institutional interest signals that Ethereum is becoming increasingly integrated into traditional finance, helping to cement its position as a valuable asset within both the cryptocurrency and traditional financial markets. As more institutions move into Ethereum, it contributes to network activity, pushing the number of active addresses higher and further driving up demand for ETH.

這種機構利益表明，以太坊越來越多地融入傳統金融，有助於鞏固其作為加密貨幣和傳統金融市場中寶貴資產的地位。隨著越來越多的機構進入以太坊，它有助於網絡活動，將主動地址的數量提高，並進一步推動對ETH的需求。

Unlike Bitcoin, which has largely been seen as a store of value or digital gold, Ethereum’s use case extends far beyond just being a currency. The Ethereum network has become the foundation for a growing number of financial services, decentralized applications (dApps), and smart contracts.

與比特幣不同，該比特幣在很大程度上被視為價值或數字黃金的存儲，以太坊的用例遠遠超出了一種貨幣。以太坊網絡已成為越來越多的金融服務，分散應用程序（DAPP）和智能合約的基礎。

Institutional investors are looking beyond Bitcoin to Ethereum because of its programmability, which allows it to be used for a wide array of use cases, including DeFi, NFTs, and enterprise blockchain solutions. This has sparked increased demand for Ethereum, as institutional investors seek to diversify their portfolios into assets with real-world utility.

機構投資者由於其可編程性而超越了比特幣到以太坊，這使其可用於多種用例，包括DEFI，NFTS和企業區塊鏈解決方案。隨著機構投資者尋求將其投資組合多樣化為現實世界實用程序的資產，這引發了人們對以太坊的需求增加。

Ethereum’s increase in active addresses is part of a broader surge in network activity. Ethereum has also seen a rise in daily transactions, reaching 1.3 million transactions, up from a 12-month low of 1 million. This uptick in transactions highlights a key trend: as more users and institutions engage with Ethereum, the demand for its blockchain services continues to grow.

以太坊的主動地址增加是網絡活動激增的一部分。以太坊還看到每日交易增加，達到130萬筆交易，高於100萬低點的120萬。交易中的這種上升強調了一個關鍵趨勢：隨著越來越多的用戶和機構與以太坊互動，對區塊鏈服務的需求不斷增長。

Ethereum’s success is also attributed to its capacity to scale and process a large volume of transactions. While Ethereum’s Proof of Stake (PoS) upgrade, known as Ethereum 2.0, is still ongoing, it is expected to significantly increase Ethereum’s scalability and reduce transaction costs, further contributing to increased transaction volume.

以太坊的成功也歸因於其擴展和處理大量交易的能力。儘管以太坊的股份證明（POS）升級（稱為以太坊2.0）仍在進行中，但預計它將顯著提高以太坊的可伸縮性和降低交易成本，進一步導致交易量增加。