Ethereum Hits Record 1.7 Million Transactions Driven by DeFi Growth

Ethereum has achieved a new milestone, recording over 1.7 million daily transactions – a significant leap fueled by the booming decentralized finance (DeFi) sector and growing adoption of Layer-2 solutions. CryptoQuant reports this surge, emphasizing its impact on trading volumes and attracting institutional investors like BlackRock’s recent ETH purchase. This historic transaction count demonstrates Ethereum’s evolving utility, creating potential for volatility as it navigates increased demand and scalability challenges.