<span style="font-weight: 400;"><a href="https://www.cryptoknowmics.com/news/until-ethereum-reaches-full-maturity-it-needs-to-go-through-this-transition/">Ethereum</a> [ETH] has the potential to stage a comeback, driven by its flourishing gaming sector, despite recent setbacks. In recent days, the FOMC announcement had a negative impact on the price of Ethereum. However, a resurgence in the network's interest in gaming, particularly, could help ETH regain its previous price levels.</span>
<h2><span style="font-weight: 400;">Gaming tokens see strong growth on Ethereum as more people venture into the space</span></h2>
[embed]https://twitter.com/Artemis__xyz/status/1669404452418371584[/embed]

<span style="font-weight: 400;">Artemis reported that gaming protocols such as The Sandbox (SAND), Axie Infinity (AXS), and their project tokens ($SAND, $ENJ, $CHZ, and $AXIE) have seen significant growth on the Ethereum network. This increase in gaming activity has resulted in an increase in the number of distinct active wallets for these dApps. This has a positive effect on transactions and network volume as a whole, which is good news for Ethereum.</span>
<h2><span style="font-weight: 400;">Ethereum's NFT sector sees significant growth due to increased gaming activity</span></h2>
<span style="font-weight: 400;">Gas consumption on the Ethereum network has increased as a result of the increase in gaming activity. Ethereum benefits from an increase in gas consumption because it demonstrates increased network activity and demand for decentralized applications, strengthening the utility and value proposition of the network. According to Santiment's data, there has been a significant increase in the number of NFT trades conducted on the Ethereum network in recent days, indicating that interest in Ethereum's NFT sector has also increased.</span>

<span style="font-weight: 400;">However, while established blue-chip NFT collections like BAYC, MAYC, and Azuki have seen significant declines in volume and sales over the past month, the increase in NFT interest has primarily been driven by newly minted collections.</span>
<h2><span style="font-weight: 400;">Ethereum's NFT members exceed 7.09% in revenue </span></h2>
<span style="font-weight: 400;">Validators on the Ethereum network, in addition to NFT supporters, have demonstrated increasing numbers. As per Marking Prizes information, the quantity of validators has expanded by 7.09%. However, during the same time frame, these validators' revenue decreased significantly by 46.35 percent. Stakeholders' future optimism regarding ETH is still uncertain. </span>

Ethereum Explores New Frontiers in Comeback Endeavor

Ethereum explores new frontiers, aiming for a comeback in the ever-evolving blockchain landscape.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Ethereum Explores New Frontiers in Comeback Endeavor

Top Picks