Ethereum continues to impress with its activity metrics, reaching new highs in transaction numbers and active addresses. This article examines the key factors behind this growth.
Record Transaction Volumes
On August 5, Ethereum surpassed its previous record by registering 1.74 million transactions per day. This figure is the highest in the network's history, exceeding the previous record set in May 2021.
Surge in Activity Amid DeFi
The number of active addresses also showed significant growth, reaching over 683,000 wallets. This approaches previously recorded peaks of 743,000. Analysts note that the revival of decentralized finance is positively impacting transaction volumes.
Institutional Activity and Renewed Interest
Institutional participation in Ethereum is also on the rise. According to Vincent Liu of Kronos Research, the growing interest is primarily due to increasing regulatory clarity in the U.S. and accumulation by large investors. More than $7.5 billion worth of ETH is currently held by publicly traded companies.
The rise in Ethereum's activity underscores growing confidence in the network and its potential as a store of value. Internal factors and the expansion of institutional investments create a positive outlook for the long term.
