Ethereum’s Back: Daily Transactions Soar as DeFi Gets Lit Again
ETH is heating up again. The OG smart contract platform just clocked a 70% month-over-month spike in network transactions, according to Etherscan. This activity explosion comes alongside a price pump ETH went from $1,800 in April to nearly $3,915 in July. That’s a 120% gain, btw.
Average daily Ethereum transactions were around 1 million back in January 2025. Fast-forward to July, and that number hit 1.82 million per day the highest since early 2024. The trend? 🔼 Definitely up.
Why ETH Activity Is Going Crazy Right Now
So what’s driving the hype? A few things:
- DeFi’s back, thanks to clearer crypto regs especially around stablecoins.
- Institutional FOMO is real. Firms like BitMine, SharpLink, and The Ether Machine are now holding over $10B in ETH reserves. Big wallets = big moves.
Still, Ethereum’s not topping the charts just yet. According to Artemis, Hyperliquid L1 is crushing it with 847 million daily transactions (yeah, million). Internet Protocol and Solana are second and third, while Ethereum is currently ranked 18th. Ouch.
Other next-gen chains like Sei, Near, Sui, and Aptos and even L2s like Base and Arbitrum are pushing Ethereum to level up or get left behind.
But with ETH back on the radar, expect more fire ahead.
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