Ethereum (ETH) is experiencing a resurgence in on-chain activity. According to analyst Ted, daily transaction volume hit 1.45 million on June 29th, marking the highest level since 2021. This significant increase points to renewed interest and utility within the Ethereum network. Several factors could be contributing to this surge. Increased activity in decentralized finance (DeFi), the rise of new decentralized applications (dApps), and renewed interest in NFTs may all play a role. Furthermore, ongoing developments and anticipated upgrades within the Ethereum ecosystem likely bolster investor confidence. This increase in on-chain transactions indicates a healthy and active Ethereum network. It also suggests a potential return of broader market confidence in cryptocurrencies and blockchain technology as a whole. Monitoring these on-chain metrics will be crucial in understanding the future trajectory of ETH and the broader crypto market. ```

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