Ethereum Daily Transactions Reach 1.8 Million, Hitting One-Year High

Ethereum has achieved a record of 1.8 million daily transactions, marking a one-year high and demonstrating strong network utility. This milestone reflects the effectiveness of Ethereum's multi-layered scaling strategy.

Key Highlights

  • 30% of total ETH supply is locked in staking, indicating strong long-term holder conviction.
  • The SEC's guidance on liquid staking may lead to an ETH Exchange-Traded Fund (ETF), influencing institutional allocation strategies.
  • Bitcoin's market dominance declined from 60% to 57%, suggesting capital rotation towards Ethereum and other assets.

Institutional Interest

Institutional confidence in Ethereum is rising, evidenced by significant investments in Spot ETFs by major financial players. Goldman Sachs holds $721 million in exposure with an addition of 160,072 ETH. Other firms like Jane Street, Millennium, and D.E. Shaw are also increasing their Ethereum positions.

  • BlueCrest, Logan Stone, and Elequin HBK have boosted their holdings, further indicating a systemic shift towards viewing ETH as a long-term strategic asset.

Ethereum Chart
Ethereum Institutional Holdings