How to Use On-Chain Data Analysis Tools for Active Address and Whale Movement Tracking in Crypto Investments

Active addresses reach 1.2 million on Ethereum

Ethereum’s ecosystem has witnessed remarkable growth in 2025, with active addresses hitting an impressive milestone of 1.2 million. This significant increase represents healthy network adoption and sustained user engagement across various applications. The growth trajectory is particularly noteworthy when examining the broader wallet address landscape, which has expanded to 123 million total addresses.

This expansion has been primarily fueled by new users entering the ecosystem through NFT marketplaces and Layer 2 networks, demonstrating Ethereum’s continued relevance in the evolving blockchain landscape. The network’s growth patterns are evident when comparing user metrics across different periods:

This user growth coincides with significant ETH accumulation patterns. Recent data shows approximately 400,000 ETH acquired by long-term holders, with a record-breaking 1.2 million ETH accumulated in a single day on September 18th. Such robust participation suggests increasing confidence in Ethereum’s technological roadmap despite market fluctuations. The network’s evolution toward greater scalability and efficiency appears to be attracting more active participation across DeFi protocols, NFT platforms, and emerging Layer 2 ecosystems.

Transaction volume surges to $4.23 million ETH in 24 hours

In a remarkable development for the Ethereum ecosystem, the network’s 24-hour transaction volume has reached an unprecedented 4.23 million ETH in 2025. This surge represents a significant increase from previous trading patterns, where daily transaction counts were typically hovering around 1.6-1.8 million per day earlier in the year. The dramatic uptick correlates with Ethereum’s price achievement, reaching a peak of €4,234.33 on August 24, 2025.

The substantial growth in transaction activity is reflected in various key metrics:

This increased network usage coincides with substantial institutional adoption as companies increasingly adopt Ethereum for their treasury operations. On-chain data indicates August has become the largest month for Ethereum transaction volume since 2021, with monthly volumes exceeding $320 billion. The surge in activity demonstrates robust market confidence in Ethereum’s technical foundations and growing ecosystem, positioning it firmly as a cornerstone of the digital asset landscape for the remainder of 2025.

Whale wallets control 40% of ETH supply

Recent blockchain analytics reveal a significant concentration of Ethereum’s supply in whale wallets. As of 2025, these large holders control between 40-57% of the total ETH supply, representing a substantial increase from previous years. This concentration has evolved dramatically over time, as evidenced by comparative data:

The most influential category appears to be “mega whales” who individually hold between 1,000-100,000 ETH. These “millionaire” and “small billionaire” wallets have increased their holdings by approximately 14% over just five months. Institutional players are also becoming prominent, with seventy-one organizations collectively holding 4.71 million ETH worth $20.63 billion, representing 3.89% of the total supply. Notable individual holders include Ethereum co-founder Vitalik Buterin with 240,000 ETH ($1.03 billion) and Bitmine, an Ethereum Treasury Company holding 1.17 million ETH (roughly $5 billion) with aims to accumulate 5% of the total supply. This concentration pattern has profound implications for market dynamics, price volatility, and the decentralization principles of the Ethereum network.