Ethereum (ET#H) has been on the rise in July as if it had taken three cups of coffee in a row.

The monthly volume of on-chain transactions has reached over 238 billion dollars, a surge of 70 percent compared to June and the highest level since December 2021. Not bad for an asset that decreased by 2.09 percent in price during the month.

In terms of the number of transactions, an absolute record: 46.67 million in a month, surpassing its previous record from May 2021 by 3.6 percent. It’s as if everyone decided to pay for bread and coffee with ETH at the same time. The 7-day moving average is also nearing its all-time high with 1.64 million daily transactions, just a breath away from 1.66 million.

Active addresses haven't lagged behind either: 17.55 million in July, the highest level since May 2021. So, Ethereum is not just alive: it’s more active than a WhatsApp group on New Year's Eve #ETH🔥🔥🔥🔥🔥🔥 $ETH $ETH