Etherscan data shows that the daily transaction volume of Ethereum reached 1.87 million, approaching the record high of 1.96 million set in January 2024.
Jake Kenni, senior research analyst at Nansen, said the volume growth was driven by the active levels of stablecoins such as USDC and Tether, as well as the decentralized exchange Uniswap. Sara Gherghelas, senior analyst and researcher at DappRadar, said the increase was related to a number of regulatory developments, including the passage of the GENIUS Act, the US stablecoin regulatory framework, and the approval of multiple Ethereum ETFs.
Data: Ethereum daily transaction volume reaches 1.87 million, near record high
2025-08-07 00:52:26
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