Ethereum Breaks Daily Transaction Record as Network Activity Soars

Ethereum’s blockchain activity surged to unprecedented levels this week, with daily transactions exceeding 1.6 million for the first time. This marks a significant breakthrough from its four-year range of 900,000 to 1.2 million, according to market analysis using a 14-day simple moving average. Despite a price drop of nearly 2% in 24 hours, reaching $4,127, this surge signifies expanding DeFi applications and institutional interest driving the network’s growth.