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Ethereum Hits 1.87 Million Daily Transactions
In a shocking turn of events, the world’s second-largest blockchain network by value has reached an unprecedented milestone. Ethereum has recorded an astonishing 1.87 million daily transactions yesterday, a feat that surpasses its previous all-time high set in January 2024.
Industry insiders and analysts are attributing this surge to an influx of stablecoin activity, primarily driven by USDC and Tether, as well as heightened trading on Uniswap. According to experts from Nansen and DappRadar, the sudden spike is a direct result of increased market confidence.
This newfound optimism is largely attributed to the recent approvals of Ethereum ETFs, which has given institutional investors and traditional finance entities a new sense of comfort and legitimacy in entering the crypto space. Additionally, the GENIUS Act recently passed by the US government has provided legal backing for stablecoins, further fueling the rapid growth.
As the blockchain ecosystem continues to evolve at an unprecedented pace, it is essential that we take notice of these pivotal moments. Ethereum’s record-breaking transaction numbers serve as a testament to its growing influence and mainstream acceptance.
With such a monumental achievement, it remains crucial that regulatory bodies and stakeholders alike continue to prioritize cooperation and transparency in ensuring the continued growth and innovation within this space.
In an effort to stay ahead of the curve, Coinpedia will be closely monitoring these developments and providing our readers with exclusive insights and analysis. Stay tuned for more updates as this story unfolds!
Source: Coinpedia
Source: coinpedia.org
