Golden Finance reports that Etherscan data shows Ethereum's daily transaction volume has reached 1.87 million, close to the historical high of 1.96 million set in January 2024. Nansen senior research analyst Jake Kenni stated that this round of volume growth is mainly driven by stablecoins such as USDC and Tether, as well as the activity of the decentralized exchange Uniswap. DappRadar senior analyst and researcher Sara Gherghelas indicated that this growth is related to several regulatory developments, including the passage of the U.S. stablecoin regulatory framework GENIUS Act and the approval of multiple Ethereum ETFs.