Ethereum Breaks Transaction Record with 1.7 Million Transactions

In a significant development, Ethereum has surpassed its previous transaction records, processing an impressive 1.7 million transactions in a single day. This surge, as reported by on-chain analytics firm CryptoQuant, is attributed to the increasing adoption of decentralized finance (DeFi) applications, along with growing demand from both retail and institutional investors. CryptoQuant analysts highlight that this volume reflects genuine network use and points towards Ethereum’s utility beyond speculative trading.