Ethereum Activity Surges as DeFi Revival and Institutional Interest Drive Network Growth
Main Idea
Ethereum's network activity has reached a record high of 1.74 million daily transactions, driven by a resurgence in decentralized finance (DeFi) and increasing institutional interest.
Key Points
1. Ethereum's daily transactions hit a new all-time high of 1.74 million, surpassing the previous record of 1.5 million.
2. Active wallets on Ethereum approached a historic peak of 683,000 on August 5.
3. Institutional interest is growing, with publicly traded companies holding over $7.5 billion worth of ETH.
4. The revival of DeFi is a significant factor driving the surge in Ethereum's network activity.
5. Institutional investment is enhancing Ethereum's credibility and market stability.
Description
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