Ethereum Breaks Transaction Records, Riding the Wave of DeFi and Institutional Investments

Ethereum is experiencing a surge in activity, with daily transaction volume exceeding 1.74 million, reaching its highest point this year. This growth reflects the increasing adoption of stablecoins, decentralized finance platforms, and institutional investments. This comes as a result of recent upgrades to Ethereum’s scalability, like EIP-4844 and Dencun, allowing for smoother throughput even under heavy load. Ethereum also saw over $238 billion moved across it in July alone, with active wallet counts continuing to climb.