Ethereum On-Chain Volume Surpasses $320 Billion in August

Ethereum’s network witnessed a significant surge in transaction volume, exceeding $320 billion in August 2025. This marks the highest on-chain activity since May 2021, fueled by increased DeFi involvement and growing institutional interest. The rise is indicative of an expanding economic trend within Ethereum’s ecosystem, impacting both DeFi protocols and institutional holdings. Notably, this significant surge has been observed without any direct statements from Ethereum leadership.