Ethereum transactions hit a record high: Is a new ATH in sight this August?

Key Points

1. Ethereum has rebounded nearly 8% this week, reclaiming over 80% of last week’s pullback, with a recent 10% dip triggering a $10 billion Open Interest flush and over $1 billion in realized profits.

2. Historically, Ethereum’s August performance has been bearish (60% negative closes), but 2025 is bucking this trend with July flipping bullish and Q1’s strong start despite a multi-year low at $1,440.

3. Institutional inflows surged 127.7% in July to over 2.7 million ETH, now making up nearly half of all ETF-held ETH, powering a 50% rally and marking July as a record month for institutional activity.

4. Ethereum’s daily transactions (7DMA) hit an all-time high of 1.74 million on August 5th, surpassing 2021 bull cycle peaks, with July also recording the highest monthly transaction count ever at 46.67 million.

5. Active addresses surged to 683,520, reflecting strong DeFi rotation and growing institutional on-chain deployment, with ETH currently just 22% off its peak after a +48% July rally.