According to AltcoinGordon, on-chain activity for Ethereum (ETH) is experiencing a parabolic surge, as illustrated by recent transaction volume and active address metrics (Source: @AltcoinGordon, June 8, 2025). Historically, sharp increases in on-chain activity have preceded significant price movements in ETH, with similar spikes in 2021 and 2022 leading to bull runs (Source: Glassnode, 2022). Traders are advised to monitor network gas fees, DeFi protocol usage, and NFT transaction counts, as these indicators are currently trending upwards, often signaling increased demand and potential price volatility. Short-term trading strategies may benefit from heightened liquidity and volatility, while long-term investors should watch for sustained on-chain growth as a bullish confirmation.

According to Robbie Ferguson (@0xferg), web3 games previously targeted only crypto users, with approximately 90 million weekly active users (WAU). This week, Apple’s approval to sell NFTs via the iOS App Store, which has a user base of 650 million WAU, has unlocked a massive new audience for blockchain gaming projects (Source: Robbie Ferguson, Twitter, May 7, 2025). This regulatory change is expected to sextuple the potential reach of web3 games, significantly increasing NFT transaction volumes and in-game crypto demand, and potentially driving bullish momentum in gaming-related tokens.