Ethereum Surges 50% in May as Institutional Investment Fuels Price Growth

Ethereum experienced a significant price surge of 50% this past May, driven by substantial institutional investment, particularly through exchange-traded fund (ETF) inflows. These funds injected $84.9 million into the Ethereum market, boosting liquidity and fueling further growth. On-chain activity also surged, with daily active addresses increasing by 12% to over 450,000. This heightened activity indicates a shift towards network utility and speculation.