Ethereum Activity Hits 1-Year High🚀

ETH daily transactions averaged 1.74M, the highest since Aug 2024, as prices approach $4K, a level last seen in Dec 2023.

Over 36M $ETH (30% of supply) is locked in staking contracts, per Dune Analytics. In June alone, 500K ETH ($1.8B) was staked, signalling rising confidence and a shrinking liquid supply.

The rally is fueled by SEC clarity that liquid staking tokens aren’t securities if providers lack managerial control, removing a key regulatory overhang.

#Ethereum ’s TVL has climbed to $187B, with #Lido commanding $31.7B. Active ETH addresses are up 19% to 8.7M, and stablecoin supply grew 7% to $138B, adding to network demand.

Source: Coindesk