Ethereum News Today: Ethereum onchain volume hits $238 billion in July 2025 up 70% from prior month

Ethereum’s onchain transaction volume surged to $238 billion in July 2025, reflecting a 70% increase from the previous month and marking the highest monthly total since December 2021 [1]. The network processed a record 46.67 million transactions in the month, a new benchmark for the platform [2]. This substantial rise in onchain activity highlights a broader revival in Ethereum’s usage, driven by renewed interest in decentralized finance (DeFi), smart contracts, and NFT transactions [3].

The spike in volume was accompanied by notable daily transaction levels. Ethereum’s daily transaction counts exceeded 1.8 million on multiple occasions in late July and early August, with peaks on August 5 and August 6 reaching 1,878,031 and 1,833,756 transactions, respectively. These figures rank among the three highest in Ethereum's history [1]. The seven-day average of daily transactions also surpassed 1.74 million, a level not seen since 2021 [2].

The growth in transaction volume is supported by infrastructure improvements, including the adoption of layer-2 solutions such as Arbitrum and Optimism. These platforms have enhanced Ethereum’s throughput and reduced fees, making it more accessible for both retail and institutional users [2]. Onchain fees for Ethereum transactions remained relatively low, typically between $0 and $4 per transaction, with only minor spikes reaching $6–$8 during peak periods on August 5 [1]. As of early August, block utilization stood at 49.53%, suggesting that the network still has room to scale without significant fee inflation [1].

Regulatory developments have also contributed to the positive momentum. The U.S. Securities and Exchange Commission (SEC) provided clarity on staking activities, stating that certain staking receipt tokens are not classified as securities. This has encouraged greater participation in staking, with staked ETH surpassing 30% of the total supply [3]. Such participation strengthens network security and supports the broader utility of Ethereum as a foundational blockchain for digital infrastructure [3].

Stablecoin activity on Ethereum also saw a significant increase, with weekly transactions exceeding $50 billion. This reflects the network’s ongoing dominance in DeFi and cross-chain applications, despite growing competition from newer layer-1 blockchains [4]. Additionally, the amount of ETH held on exchanges dropped to 15.35 million in July—the lowest level since 2016. This outflow has led to speculation about potential price implications, though these remain forward-looking projections and not actual outcomes [2].

If this upward trend continues, Ethereum could see its most active year since the 2021 bull run, potentially influencing ETH’s market price and investor sentiment. The surge in onchain activity, combined with growing transaction counts, favorable regulatory developments, and low fees, suggests that the network is entering a phase of renewed interest and adoption [3].

Source:

[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=ethereum-transaction-activity-rockets-to-historic-highs

[2] https://u.today/ethereum-eth-to-melt-faces-top-analyst-issues-breathtaking-prediction

[3] https://www.ainvest.com/news/ethereum-news-today-ethereum-staking-surpasses-30-supply-sec-offers-regulatory-clarity-2508

[4] https://coincentral.com/ethereum-price-prediction-eth-rallies-as-network-transactions-reach-all-time-high/

[6] https://www.tradingnews.com/news/ethereum-price-dips-to-3556-usd-amid-historic-exchange-outflows