Ethereum Hits Record Highs: Blockchain Activity Soars Amidst Institutional Investment

Ethereum’s blockchain activity has reached unprecedented heights, surpassing $320 billion in transfer volume since the start of August 2023. This surge marks a new record not seen in four years and ranks as the third-highest monthly transaction volume ever recorded. The increase is attributed to rising Ethereum prices following ETH’s price rally, coupled with institutional investments and growing demand for spot ETFs.