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Ethereum daily volume surpasses 1.87 million transactions, approaching historical highs.
On August 7, according to the data platform, the number of daily transactions on the Ethereum network reached 1.87 million yesterday, close to the historical record of 1.96 million set on January 14, 2024.
An analyst stated that the surge in transactions was mainly driven by the rise in stablecoins such as USDC and Tether, as well as the trading volume on a certain DEX. A senior analyst from a certain platform pointed out that the passage of the "GENIUS Act" provided a legal framework for the operation of stablecoins in the United States, enhancing market confidence.