Stablecoins and ETFs dey push Ethereum to 1.87M daily transactions
Ethereum transactions don gwae reach 1.87 million per day, almost near record high. Dis increase na mostly because of stablecoin transfers—mainly Tether (USDT) and USDC—and more liquidity wey ETF bring. Nansen analyst, Jake Kennis talk say di recent GENIUS Act pass for US don make stablecoin law stronger, e make market trust better. At di same time, Ethereum ETFs dey bring traditional market money back enter crypto. Dis combo of tins show say users interest don increase for Ethereum network, pass other platforms like Solana (SOL). Even though e dey promising, analysts dey warn say dis trend fit no last because of changing regulations and macroeconomic tins. Traders suppose watch on-chain metrics and ETF money flow to sabi di future momentum for Ethereum transactions.
Bullish
Ethereum don jump to 1.87 million transactions every day show say more people dey use am and on-chain activity strong, e mainly dey driven by stablecoins and ETF money wey dey enter. Historically, when transaction volume spike—like during DeFi boom for 2020—e dey happen before price go up. GENIUS Act regulatory clarity don increase market confidence, e open door for institutional money through Ethereum ETFs. For short term, this fit make ETH price steady as demand for transaction processing dey rise. For long term, consistent on-chain growth mean network get use, e dey attract developers and decentralized apps, e go continue make Ethereum dey dominate market. But traders suppose dey watch for market tricks: if regulator change or big economy risk increase, transaction volume fit fall, e fit cap gains. Overall, stablecoin usage plus ETF participation suggest say Ethereum get bright future, as these factors normally connect with price increase and better liquidity.