#Ethereum

The volume of Ethereum transactions reaches a high percentage

In the past 24 hours, transactions on the Ethereum network have risen to 1.87 million, nearing the peak seen in January 2024.

According to Nansen, this increase is primarily driven by:

1 - Users intensifying transactions with stablecoins like USDC and USDT

2⃣ Increased activity on Uniswap

Additionally, the United States passing the Genius Act - the first legal framework for Stablecoins, is boosting the supply in the Defi market.

When will the price of ETH follow suit?