Ethereum recorded 1,750,940 confirmed transactions on June 25, the highest count since January 2024, signaling renewed user engagement.
Despite ETH’s fluctuating price, the network’s transaction volume reflects robust usage by DeFi apps, arbitrage bots, and active traders.
Layer 2 solutions like Arbitrum and Optimism continue to drive Ethereum’s network activity, showing increased scalability and consistent utility.
Ethereum recorded a major milestone on June 25, reaching 1,750,940 confirmed transactions in a single day. This figure ranks as the third-highest daily total in the network’s history and signals increased network activity despite muted price action.
Transaction Count Hits 18-Month High
CryptoQuant’s @oro_crypto reported that Ethereum’s total confirmed transactions surged on June 25. The activity marked a clear departure from the declining trend seen since January 2024, when the network recorded its all-time high of 1,961,144 transactions. This recent rise suggests growing usage, including ETH transfers, smart contract executions, and DApp activity.
The metric “Ethereum: Transaction Count (Total)” aggregates all transaction types within the network. It reflects a resurgence in utility that is not currently reflected in the token’s price movement. Over the last month, Ethereum’s price has fluctuated between $2,879.22 and $2,111.89, yet the network’s on-chain activity continues to grow.
This divergence between price and transaction count may point to heightened participation from DeFi applications, arbitrage bots, and real-time traders responding to volatile market conditions.
Usage Grows as Layer 2 Networks Show Strength
Ethereum’s core network activity is also supported by ongoing development in Layer 2 ecosystems. Arbitrum and Optimism are now processing a growing share of Ethereum’s transaction load. These rollup networks contribute to the rising interaction rate while reducing transaction costs for end users.
Despite the price remaining range-bound, both institutional and retail users appear to be actively engaged. Exchange balances for ETH have remained steady, showing no signs of panic sell-offs or major withdrawals. This stable pattern further supports the argument that Ethereum remains central to current blockchain use cases.
Price Stagnates, but On-Chain Activity Suggests Broader Movement
While ETH’s price action has yet to confirm a bullish trend, the network’s activity tells another story. A third-highest daily transaction record since inception indicates Ethereum’s ecosystem remains vibrant.
Such movement may reflect early signs of development or repositioning within the broader DeFi landscape. Market watchers continue monitoring whether this usage uptick signals a longer-term shift in Ethereum’s role within digital asset markets.
The post Ethereum Activity Hits 18-Month Peak with 1.75M Transactions on June 25 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
