Ethereum Gains Amid 23 Percent DApp Activity Decline

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Declining DApp activity and lackluster demand for the ETH ETFs could limit Ethereum’s recent price rally.

Ether price surged 9.4% between Oct. 10 and Oct. 15, reaching its highest level in two weeks at $2,687. However, despite these recent gains, Ether remains down 25% over the past three months, reflecting investor disappointment with the recently launched spot Ether exchange-traded funds (ETFs) and the overall lack of demand for ETH, despite Ethereum's focus on prioritizing layer-2 scaling solutions.


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