Ethereum Transactions Reach 1.74M Record Amid DeFi Surge
Ethereum transaction volume don hit new hight on August 5, 2025 wey daily transaction land for 1.74 million. July moni transfer dem climb reach 46.67 million, plus active address dem rise to 683,520, near the 2021 peak. The yawa dey caused by beta DeFi use, stablecoin transfer especially Ethena USDe, plus advance yield strategies wey dem prepare before dem go cut rate. Protocol upgradings like EIP-4844 and Dencun update don improve how the system fit handle more, plus reduce fees. On-chain activity cross $238 billion for July. Institutional interest, better US regulation plus company treasury adoption wey push ETH holdings over $7.5 billion don give better confidence even though price increase no keep up with volume. Since April, ETH price don rise 163% to reach around $4,000. Proposed Ethereum staking ETFs plus partnership wey involve Aave push USDe market cap to $9 billion, expected to keep growth steady. Traders suppose dey watch Ethereum transaction volume, active address, coming network upgrades plus regulatory changes for short-term chances plus long-term investment moves.
Bullish
Di record Ethereum transaction volume dey show say network demand strong die as e dey push by DeFi growth, stablecoin activity, and yield strategies dem, wey normally dey boost fee revenue and user engagement. Protocol upgrades like EIP-4844 and Dencun dey reduce cost and increase throughput, na im dey attract more traders and developers. Institutional accumulation and corporate treasury adoption dey improve long-term market confidence, meanwhile proposed staking ETFs and partnerships like Aave’s USDe integration dey show say capital go dey flow steady. For short term, traders fit see price go up together with increase in on-chain activity. For long term, better scalability, clear regulation, and institutional support mean say ETH pathway na still bullish.