In August, the number of daily transactions on the blockchain Ethereum reached a new record high of 1,74 million, surpassing the previous peak of 1,65 million set on May 12, 2021.
July also saw the highest number of transactions in a month in the network’s history, with 46,67 million.
Number of daily transactions in Ethereum reached a record high, reflecting a surge in activity DeFiGrowing interest in yield strategies, especially in anticipation of rate cuts, has led to an increase in the number of network transactions, said Min Jung, an analyst at Presto Research.
In addition, on August 5, the number of active addresses in Ethereum rose to 683,520, breaking the record of 743,730 set on May 12, 2021.
Kronos Research CIO Vincent Liu added that interest in Ethereum fueled by US efforts to clarify cryptocurrency regulation and institutional accumulation.
Dozens of companies have recently implemented эфириум into their strategic reserves to diversify their balance sheets and attract investors interested in digital assets. Total assets of public companies in ETH have already exceeded $7,5 billion.