Ethereum is currently outperforming bitcoin, driven by a significant surge in on-chain activity and ETF inflows. Market data shows that Ethereum transactions have jumped 41% on a weekly basis, a notable increase that suggests growing adoption and usage of the network. This uptick in activity is coinciding with a split in ETF flows, with investors seemingly favoring Ethereum over bitcoin in recent times. The price of Ethereum has responded positively, with Ether outpacing bitcoin in terms of gains. As of today, Ether is trading at around $2,300, up 7% over the past 24 hours.