Ethereum Daily Transactions Surge 50% to 1.729 Million

Generated by AI AgentCoin World
Saturday, Jun 28, 2025 2:40 am ET1min read
ETH
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Ethereum has experienced a significant surge in its daily transactions, marking the highest level since January 2024. This increase comes after a week of uncertain market movements, indicating a renewed interest in the blockchain. The daily transaction count has spiked by nearly 50% over the past few days, reaching 1.729 million transactions. This figure is the highest recorded in 2025 and the first time since January 2024 that the daily transactions have surpassed the 1.7 million mark.

This surge in activity is accompanied by an unusual spike in daily active addresses, which rose by almost 50% within the same period. The number of daily active addresses increased from 345,406 to 593,637 in just four days. This surge in on-chain participation suggests that the rise in Ethereum's price, which has recovered to above $2,400, is driven more by investors buying than selling. If this trend continues, it could potentially drive the

Ethereum
price even higher.

However, there is a contrasting trend in the on-chain sell volume, which has also increased compared to the buy volume. In a 24-hour period, the on-chain buy volume was $168.37 million, with approximately $78.15 million going toward buys and a little over $90 million from sellers. This indicates that the selling volume is higher than the buying volume, which could hinder any buying momentum and keep the Ethereum price down while the crypto market struggles to find stability.

Furthermore, the number of individual transactions involved in buying and selling Ethereum shows that sellers are in the lead. There were more than 52,000 buy transactions recorded, with around 24,300 buyers, while sell transactions ran up towards 74,000, with sellers at more than 32,000. This higher percentage of sellers compared to buyers explains why the price has been unable to reach other support levels. The rise in selling volume suggests that the buys are not enough to absorb the selling volume, which could fight off any buying momentum that could lead to a price recovery.