TechFlow news, August 7 — According to Decrypt, Etherscan data shows Ethereum's daily transaction volume reached 1.87 million, nearing the all-time high of 1.96 million set in January 2024.
Jake Kenni, Senior Research Analyst at Nansen, said this surge in transaction volume is primarily driven by stablecoins such as USDC and Tether, along with increased activity on decentralized exchanges like Uniswap. Sara Gherghelas, Senior Analyst and Researcher at DappRadar, noted that the growth correlates with several regulatory developments, including the passage of the U.S. stablecoin regulatory framework GENIUS Act and the approval of multiple Ethereum ETFs.
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