Ethereum Daily Transactions Reach Highest Levels in Over a Year
Ethereum's on-chain activity is increasing, with a rise in active and new addresses indicating heightened user engagement. Daily transactions have reached approximately 1.7 million, the highest level in over a year, suggesting genuine utility driving ETH's growth.
Key Points
- ETH's daily transaction volume indicates accelerating network usage.
- Active and new addresses show sustained adoption beyond short-term trading.
- EIP-1559 upgrade is reducing ETH supply, contributing to tightening supply dynamics.
- ETH's strategic reserve has grown from $200 million in April to $10 billion now, reflecting strong accumulation.
- The increase in strategic reserves signals long-term confidence and potential staking growth.
