The Ethereum blockchain has achieved unprecedented levels of activity, setting a new daily transaction record of 1.74 million.
This milestone surpasses the previous all-time high of 1.5 million daily transactions, underscoring significant growth. Concurrently, the number of active wallets on the network approached a historic peak, near 683,000.
The resurgence in decentralized finance (DeFi) applications is identified as a primary driver fueling this surge in network usage. Increased engagement across lending protocols, decentralized exchanges, and other DeFi services contributed heavily to the elevated transaction volume.
Growing institutional participation is also playing a pivotal role. Publicly traded companies now collectively hold Ethereum assets valued are over $7.5 billion, reflecting substantial corporate investment. This heightened institutional involvement is contributing to enhanced credibility and perceived market stability for the Ethereum ecosystem.