Ethereum (ETH) has surpassed Bitcoin (BTC) for the first time in terms of address activity, according to data provided by cryptocurrency analytics platform Santiment.
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Earlier today, Ethereum hit a one-week high of $2,135 on the Bitstamp exchange.
There is an increase in activity in the process until the EIP-1559 update, which is expected to be implemented in the coming weeks on the Ethereum blockchain.
However, Bitcoin’s active addresses are also at their lowest level since February. The leading crypto is struggling to gain momentum after failing to break the $35,000 resistance.
At the time of writing, Ethereum is trading at $2,133, while Bitcoin is at $34,621.