TechFlow, on August 29, according to The Block, Ethereum's adjusted on-chain transfer transaction volume for August exceeded $320 billion, the highest level since May 2021 and the third-highest monthly volume in history.
In addition, monthly active addresses reached the second-highest level on record, while total value locked approached its all-time peak. Currently, ETH is trading at approximately $4,337, down more than 5% on the day and about 12% below its historical high.
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