Ethereum News Today: Ethereum Daily Transactions Hit 1-Year High of 1.7 Million

Ethereum’s on-chain activity has seen a significant increase, with daily transactions hitting a one-year high of around 1.7 million. This surge reflects a combination of rising active and new wallet addresses, indicating both existing users engaging more frequently and new participants joining the network. The trend suggests that Ethereum is gaining traction through real-world usage, rather than speculative trading, signaling a potential alignment between network fundamentals and market sentiment [1].

Cas Abbe, a well-known crypto analyst, observed that the growth in daily transactions points to a broader adoption trend. This momentum is further supported by Ethereum’s EIP-1559 upgrade, which continues to reduce the circulating supply by burning a portion of transaction fees. As a result, Ethereum’s supply dynamics are trending toward neutrality, with net emissions remaining near zero despite recent market volatility. This tightening supply environment, combined with increased demand for block space, is a strong market signal that the growth is driven by sustainable usage rather than short-term hype [1].

Another notable development is the rapid expansion of Ethereum’s strategic reserve. According to analyst Crypto Patel, the reserve has grown from approximately $200 million in April to $10 billion in just four months. This marks a 50% increase and suggests a strategic accumulation of Ethereum, likely driven by long-term investors and institutional players. The move reflects growing confidence in Ethereum’s future and may indicate a larger repositioning of capital ahead of potential catalysts such as further upgrades or increased network activity [1].

The combination of rising transaction volumes, supply tightening, and strategic accumulation highlights Ethereum’s strengthening fundamentals. These factors, along with growing on-chain engagement, suggest that Ethereum may be entering a new phase of sustained growth. If these trends continue, they could support a broader shift in market leadership, with Ethereum positioning itself as a key player in the evolving crypto ecosystem [1].

Source: [1] Ethereum Daily Transactions Soar — Is ETH Entering Acceleration Mode? (https://www.newsbtc.com/news/ethereum/ethereum-daily-transactions-soar/)