Ethereum’s On-Chain Volume Surges Past $320 Billion in August 2025

Ethereum’s on-chain transaction volume reached a historical peak of over $320 billion in August 2025, surpassing levels seen in May 2021. This surge is driven by increased institutional involvement and improvements to the network capacity. Experts highlight that Ethereum has become ‘the Wall Street token,’ thanks to its programmability and high staking yields. This newfound recognition coincides with notable inflows of institutional capital, particularly into Ethereum ETFs, as evidenced by daily net inflows exceeding those for Bitcoin ETFs on August 27, 2025.