以太坊网络活跃度创历史新高,但 ETH 价格 6 个月跌 30%、费用收入排名第三

ETH4,56%

Gate News 消息,3 月 11 日,CryptoQuant 最新报告显示,以太坊网络活跃度在多项指标上创下历史新高,但 ETH 价格在过去六个月下跌约 30%。数据显示,2026 年 2 月以太坊日活跃地址数接近 200 万,超过 2021 年牛市峰值;智能合约调用量突破每日 4000 万次。然而,以太坊已实现市值的年度变化转为负值,显示资本净流出。CryptoQuant 分析称,资本流动而非网络活跃度更能解释当前 ETH 价格走势,这与 2018 年和 2021 年周期中链上活跃度与价格同步上涨的情况形成对比。费用方面,据 DefiLlama 数据,以太坊过去 30 天交易费用约 1030 万美元,排名第三,落后于 Tron 和 Solana;协议收入仅 122 万美元,排名第五。尽管以太坊承载约 1620 亿美元稳定币供应量(占全球市场 52%),但价值捕获能力未能与网络使用增长同步。

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