Ethereum Records Surge in Network Activity, Exceeding $135 Billion DEX Volume

Ethereum’s network activity has experienced a significant surge this August, setting new records and signaling a return to real user engagement. Notably, decentralized exchange (DEX) volume surpassed $135 billion, while transaction counts reached 48 million and active addresses reached 15 million. This robust on-chain activity signifies a strong revival in Ethereum’s ecosystem after periods of quiet performance despite price gains driven by off-chain speculation. The rise in DEX volume also contributes to Ethereum’s impressive Total Value Locked (TVL) surpassing $240 billion, showcasing investor confidence in DeFi protocols on the network.