Ethereum network growth accelerates as GENIUS bill advances in US

FXStreet reports an increase in active addresses on the Ethereum network over the past month. The website's experts attribute this growth to the anticipated progress in digital asset regulation following the US Senate's passage of the GENIUS bill on stablecoins.

The weekly growth of new ETH addresses jumped by almost one-third compared to the same period last year, according to Santiment's calculations. Over the past month, the figure climbed by between 800,000 and 1 million per week.

Earlier, US President Donald Trump urged Republicans in Congress to act as quickly as possible on the GENIUS bill, FXStreet says. The Senate approved the document on Tuesday. The House of Representatives is expected to vote on it soon.

Many companies, including JPMorgan, Amazon, and Apple, have already signaled their intention to incorporate stablecoins into their operations. Discussions on a separate CLARITY bill, which aims to expand the regulatory structure for digital assets, have also fueled interest in ETH.

According to DefiLlama, Ethereum's Layer 1 market capitalization surpassed $126 billion, outperforming other blockchains by 50.2%.