💰💰Historic Record on Ethereum: Soaring Transaction Numbers Could Soon Explode Prices! 💰💰

Although the price of Ethereum (ETH) remains stagnant, the daily transaction count on the network reached 1 million 750 thousand on June 25, marking the third highest level of all time.

Recently, Ethereum has not been able to realize the expected Altseason movements, and while it has not met investor expectations with its price performance, the transaction volume on the network has shown a remarkable increase. On June 25, a total of 1,750,940 transactions occurred on the Ethereum network; this figure includes ETH transfers, smart contracts, decentralized applications (DApp), and DeFi transactions. This situation reveals that the Ethereum network is being used strongly and actively, independent of price changes.

On the price side, Ethereum fluctuated between $2,879.22 and $2,111.89 over the past month. In the rise of transaction volume, the roles of traders, DeFi protocols, and arbitrage bots are significant. The increasing transaction mobility on the Ethereum network indicates that investors are frequently updating their positions.

The number of transactions recorded on the Ethereum network on June 25 was the highest volume following the record of 1 million 961 thousand 144 transactions on January 14, 2024. This may be an important sign that the long-standing downtrend has ended and a new period of on-chain activity has begun for Ethereum. Although no clear price change has been observed yet, this increased network usage is being regarded as early signals of renewed accumulation, developer interest, and a recovery in the DeFi space.

The stable interest from both institutional and individual investors in Ethereum, along with the increasing transaction intensity in Layer-2 solutions like Arbitrum and Optimism, indicates that Ethereum maintains its critical importance in the crypto market. This structural revival is expected to positively reflect on Ethereum prices in the coming period.