The Ethereum layer-1 blockchain shows robust activity with wrapped ether (wETH) dominating liquid staking deposits and withdrawals, representing 62-76% of total transactions. The ecosystem demonstrates growing user engagement, with Swell liquid staking protocol attracting 927 unique depositors and daily depositor counts surging from single digits to 92, indicating a 920% increase in participation. Despite this growth, the deposit landscape is characterized by small-scale traders, with 91.5% of depositors holding less than $1,000, while a single top depositor controls $10.72M across multiple vault tokens, highlighting significant liquidity concentration.