Despite trading significantly below its historical peak, Ethereum has witnessed an impressive series of on-chain achievements this week. Multiple network metrics have established new records, partially fueled by reduced geopolitical uncertainty in global markets. Following Tuesday’s ceasefire declaration between the United States and Iran, Ethereum experienced a 6% surge within a 24-hour period. This represented ETH’s most substantial single-day percentage gain in more than 30 days. CryptoQuant, a leading blockchain analytics platform, reported that Ethereum’s USD-denominated open interest expanded by $2.2 billion ... (full story)