Ethereum Network Hits Record 1.7 Million Daily Transactions

Ethereum’s network has reached a new milestone, recording over 1.7 million daily transactions in a single day, according to CryptoQuant’s analysis. This surge reflects the growing adoption of Ethereum within decentralized finance (DeFi) applications. The rise is attributed to increased use cases, especially DeFi protocols, with Total Value Locked (TVL) surpassing $90 billion. CryptoQuant analyst Darkfost attributes this growth to real-world use and DeFi application activity.