$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows

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$3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows - NewsBTC

Quick Summary:

While the capital flow situation of the coin has found a turnaround with the Pectra upgrade, the same hasn’t been true for network activity so far, as Glassnode has pointed out in another X post.“Since the upgrade, the average new and resurrected addresses are down in comparison to YTD values (–1.8% and –8.4% respectively) – but churn is notably lower as well (–8.5%),” notes the analytics firm.

Ethereum Realized Cap Has Climbed To $244.6 Billion Recently In a new post on X, the on-chain analytics firm Glassnode has talked about how the trend in the Ethereum Realized Cap has flipped since the Pectra upgrade.

Related Reading: This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says These trends would imply that the upgrade has failed to attract interest from new or returning users, but at the same time, it has increased engagement among the existing Ethereum users, hence the drop in churn.