Ethereum's on-chain transaction volume reached $238 billion in July, the highest since December 2021

According to Hash News, Ethereum's on-chain transaction volume reached $238 billion in July, an increase of 70% month-on-month, marking the highest value since December 2021. The network processed a total of 46.67 million transactions, breaking the monthly record, with the number of active addresses reaching 17.55 million, approaching an all-time high. The 7-day moving average shows a daily transaction volume close to 11.66 million, nearing the peak in May 2021. The price of ETH rose to $3,700 at the end of the month, setting a new high in years.