Ethereum’s Mainnet Sees Record DeFi Boom Fueled by Automated Trading and Stablecoin Growth

Ethereum is experiencing a resurgence in decentralized finance (DeFi), with its mainnet becoming the leading hub for transactions thanks to automated trading bots and increased stablecoin activity. According to CEX.io, Ethereum’s layer-1 network processed 4.84 million stablecoin transactions in May, driven largely by trading bot automation, reaching a record $480 billion in transaction volume.