Ethereum On-Chain Activity Don Blow for July Wit $240B Volume
Ethereum on-chain transaction volume jump gbe reach $238 billion for July, wey be 70% more from di previous month and na di highest monthly number since December 2021. Network activity reach record level with 46.67 million transactions and 7-day moving average of 1.64 million daily transactions, nearly reach di peak wey dem get for May 2021. Active addresses climb reach 17.55 million, di highest since May 2021. Strong on-chain growth and network activity dey rise as Ethereum price reach $3,700 by end of July. Dis metrics show say di network get new momentum and strong health for traders wey dey watch Ethereum on-chain trends.
Bullish
Di surge wey de for Ethereum on-chain transaction volume plus active addresses dey show say more people dey use di network and traders interest dey rise. For history, big jumps for on-chain metrics—like di ones wey show for mid-2021—don always match up with long bullish periods for ETH. Di transactions wey reach record levels plus strong 7-day moving average mean say demand strong, and e fit drive short-term trading momentum. For long term, solid growth for on-chain dey support network health and fit attract more institutional and retail money, wey go make bullish outlook strong well well.