ChainCatcher news, Outlier Ventures research director Jasper De Maere stated that as market conditions improve, Ethereum's on-chain activity could increase significantly. This activity is primarily driven by speculation and increased participation in decentralized applications.De Maere said, "With market volatility, we will see a surge in Ethereum on-chain activity, so there is clearly speculative activity, and then dApp activity drives on-chain activity. I would say this will still be driven by speculative activity, and dApp activity will be sustained through airdrops, as many companies will hold token generation events (TGE) and move to the mainnet."