Overview

• Ethereum daily transactions climbed to 1.87 million yesterday, bringing the network within 90,000 of its January 2024 record.
• The seven-day average reached 1.74 million on August 5, surpassing the May 2021 peak, while July recorded almost 47 million total transactions.
• DeFi activity—from stablecoin farming and yield-hunting to Uniswap swaps—has pushed total value locked on Ethereum above $137 billion.
• The U.S. GENIUS Act’s stablecoin regulations have boosted confidence and intensified USDC and Tether transfers on the blockchain.
• Publicly traded companies hold over $7.5 billion in ETH on their balance sheets, signaling growing institutional adoption.