Ethereum (CRYPTO: ETH) experienced a surge in users, transactions, and throughput during the first quarter of the year, achieving all-time highs in these metrics. Despite this, the cryptocurrency saw a decline in market capitalization, trading activity, and fee generation due to the overall weakness in the crypto market. The Token Terminal Q1 ecosystem report revealed that Ethereum's network activity reached record levels, with monthly active users, transaction counts, and throughput peaking. The number of ETH holder addresses increased by 8.1% from the previous quarter and by 25% from the same period last year, indicating a broadening ownership base despite the market's downturn. The growth in Ethereum's usage solidified its position as the top blockchain for tokenized assets, stablecoins, and on-chain financial applications. Key developments during the quarter included the expansion of... (The rest of the story can be found on Benzinga.com)