Morpho Leads Ethereum DApp Volume with $39.57B Weekly Transactions

In a surprising turn of events, Morpho has emerged as the top Ethereum decentralized application (DApp) by weekly transaction volume, surpassing heavyweights like Uniswap V3. According to DappRadar data released on April 22, 2025, Morpho processed a staggering $39.57 billion in transactions over seven days, despite having a relatively small user base of just 1,770 unique active wallets. This achievement highlights the growing efficiency and adoption of niche DeFi platforms in the Ethereum ecosystem.

Morpho Tops Ethereum DApp Weekly Volume Rankings

Morpho has recorded the highest weekly transaction volume among Ethereum decentralized applications (DApps), handling $39.57 billion over seven days, according to DappRadar data released on April 22, 2025. Despite having a lower user base with just 1,770 unique active wallets and a total balance of $1.05 billion, Morpho outperformed other major DApps like Uniswap V3, which posted $36.72 billion in volume. Uniswap V4 topped the user count with 53,350 wallets but ranked sixth by volume. Sky held the highest balance at $3.55 billion but recorded low weekly transaction volume. The rankings highlight the dynamic nature of the Ethereum DApp ecosystem.

Ethereum Breaks Out of Downtrend, Eyes $2,000

Ethereum has officially broken out of its multi-month downtrend, now holding firm above $1,600 and aiming for the $2,000 resistance level. This technical shift is Ethereum’s first major move since February 2025. Additionally, Total Value Locked (TVL) on Ethereum Layer 1 has climbed to $190 billion, indicating a resurgence of investor confidence in the altcoin. This momentum has been reclaimed after facing downward pressure for several months.

Ethereum Price Breaks Out With 15% Rally

Ethereum has started a fresh surge above the $1,650 resistance and is now trading above $1,700. The cryptocurrency has broken above several bullish continuation patterns, including resistances at $1,700 and $1,760. If Ethereum manages to clear the $1,800 resistance zone, it could start a new increase. The price action follows a period of stability above the $1,550 level.

Ethereum Bounces Back, Market Dominance Recovers

Ethereum’s price has surged nearly 15% over the past 24 hours, topping $1,800 on April 23. This upswing has helped boost its market share after it hit record lows. Ether has now recovered almost 30% since its April 9 crash to $1,400, leading some analysts to suggest that the worst may be over for the world’s second-largest crypto asset. Bitcoin, on the other hand, notched a 6% gain, while the wider crypto market climbed almost 5% to reclaim a total market value of $3 trillion.

ETH/USD Elliott Wave Analysis: Potential Zig-Zag Pattern Forming

Ethereum’s ETHUSD is currently forming the (c) leg of a potential zig-zag pattern. The crypto asset ended its cycle from the 2104.3 peak and is now correcting it. As of April 18, 2025, ETHUSD is forming a wave 2 red recovery, which is incomplete at the moment. The price is expected to move up towards the 1775-1847 area, as long as it stays above the 1537.8 low. By April 22, 2025, the crypto held above the 1537.8 low and continued to rally, heading towards the first target area at 1775. Selling the crypto at this time is not recommended.

Ethereum Price Analysis: Breaking Free From Bearish Patterns?

Ethereum has started the week with a strong push from support levels, catching short sellers off guard. The recent breakout is showing signs of strength, with buyers stepping in at the critical $1,550–$1,600 support zone. Prices have rebounded toward the $1,800 level, marking a short-term break in the bearish sequence. However, key resistance levels still lie ahead, with the next hurdle sitting around $1,950–$2,000. A potential breakout above this level will determine the seriousness of this recovery.