Ethereum Transaction Volume Soars to All-Time High in August!

Ethereum witnessed a record-breaking month in August, with its on-chain adjusted transaction volume exceeding $320 billion. This marks the highest level since May 2021 and places it as the third largest monthly volume ever recorded for the blockchain. The surge encompasses not only transfers but also DeFi interactions and other blockchain-based transactions. August’s activity even surpassed its 30-day transaction count record, while active ETH addresses reached a second all-time high, signifying growing market momentum.