Ethereum's network activity has seen a notable increase, with active addresses rising 37% to 575,000, up from a low of 420,000 recorded in November. This surge is accompanied by a rise in daily transactions, which have reached 1.3 million, recovering from a 12-month low of 1 million. The uptick in activity is attributed to growing institutional interest, highlighted by World Liberty Financial's recent investment of $47 million in Ethereum. Analysts indicate that the resurgence in decentralized finance (DeFi) is driving this renewed momentum, as Ethereum continues to attract users despite price stagnation. Additionally, Layer 2 solutions are playing a crucial role in enhancing Ethereum's scalability and accessibility, further supporting the network's growth.