Ethereum News Today: Ethereum Transactions Hit 1-Year High as Staking and SEC Clarity Fuel ETH Rally

Ethereum network activity reached a record high as staking volumes surged and regulatory clarity from the U.S. Securities and Exchange Commission (SEC) provided a tailwind for the token’s price performance [1]. The seven-day average of daily transactions on the blockchain climbed to 1.74 million earlier this week, surpassing the previous peak of 1.65 million set in May 2021 [1]. The increase in staking has contributed to the growing supply of locked ETH, with over 36 million ETH — nearly 30% of the total supply — now staked, according to Dune Analytics [1].

The regulatory environment also played a key role in fueling this activity. The SEC’s Division of Corporation Finance indicated that certain liquid staking activities and “staking receipt tokens” are not classified as securities under the 1933 Securities Act, as long as they meet specific assumptions [1]. This clarification has reduced legal ambiguity, enabling institutions and platforms to expand liquid staking offerings with greater confidence. The result is increased demand for ETH, reduced circulating supply, and upward pressure on the token’s price.

In addition to regulatory support, the rising presence of public “crypto treasury companies”—firms that directly or indirectly hold substantial amounts of crypto—has further supported ETH’s rally. These entities now control $11.77 billion worth of ETH, with major holders including BitMine Immersion Technologies, SharpLink Gaming, and The Ether Machine [1]. Ethereum co-founder Vitalik Buterin has commented on the trend, noting that such treasury vehicles offer investors more flexibility, particularly those with diverse financial constraints. However, he cautioned against over-leveraging, warning that excessive exposure could lead to cascading liquidations and deeper price corrections [1].

ETH’s price has surged 163% from a low of $1,470 in April to trade near $3,909, narrowing the performance gap with Bitcoin and other large-cap cryptocurrencies like Solana [1]. The first half of June saw more than 500,000 ETH staked, equivalent to approximately $1.8 billion, signaling sustained confidence in Ethereum’s ecosystem and a continued decline in liquid supply [1].

Source:

[1] Ethereum Transactions Hit 1-Year High as Staking, SEC Clarity Fuel ETH Rally (https://www.coindesk.com/markets/2025/08/08/ethereum-transactions-hit-1-year-high-as-staking-sec-clarity-fuel-eth-rally)