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Ethereum recorded 1.87 million transactions yesterday, nearly reaching its all-time high set in January 2024. This surge was driven by stablecoin activity, primarily USDC and Tether, as well as trading on Uniswap. Analysts from Nansen and DappRadar attribute the rise to stronger market confidence, fueled by Ethereum ETF approvals and the recent GENIUS Act, which gives US legal backing to stablecoins.
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- Qadir AK
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 07, 2025 06:05 UTC
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Ethereum Hits 1.87 Million Daily Transactions.
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