On-chain data shows Ethereum has seen a significant rise in Realized Cap following the Pectra upgrade, with the value climbing to $244.6 billion, indicating $3.8 billion in capital inflows.
The Realized Cap reflects the total amount of capital investors have put into Ethereum and its recent uptrend aligns with the price surge from $1,800 to $2,500 after the upgrade.
Despite the increase in capital inflows and price, network activity post-upgrade has not seen a significant rise in average new and resurrected addresses but has shown a decrease in churn.
While Ethereum is currently trading around $2,500, down over 4% in the last week, the sustained uptrend in Realized Cap suggests a positive sentiment towards the asset in the market.