Summary
- The daily transaction volume on the Ethereum (ETH) network reached 1.87 million, coming close to its all-time high.
- According to Etherscan data, this figure is nearing the all-time high of 1.96 million set on January 14th.
- Jake Kenneth Nansen, senior researcher at Nansen, analyzed that the increase in the use of stablecoins Tether (USDT), USDC, and the DeFi exchange Uniswap is driving the rise in transaction volume.
The daily transaction volume on the Ethereum (ETH) network has come close to its all-time high.
According to Etherscan data cited by Decrypt on the 7th (local time), Ethereum’s daily transaction volume reached 1.87 million on the 5th, approaching the all-time high of 1.96 million set on January 14th.
On this, Nansen senior researcher Jake Kenneth Nansen analyzed in Decrypt, "The increase in Ethereum transaction volume is being driven by the growing usage of stablecoins Tether (USDT), USDC, and the DeFi exchange Uniswap."
Suehyeon Lee
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