Ethereum Breaks Monthly Transaction Records as Prices Rise

Although Ethereum (ETH) prices have been on the rise recently, the network has experienced a significant increase in daily transaction volume over the past two weeks. Notably, August has seen five of the ten busiest days for transfers since the blockchain's inception on July 30, 2015. This surge in transaction activity highlights growing adoption and utility of the Ethereum network, potentially driven by increased decentralized application (dApp) usage, DeFi activity, and NFT transactions. The record-breaking month underscores Ethereum’s expanding network demand, which may positively impact its long-term valuation and network security.