Ethereum

DeFi

Attention

Record

would

Ethereum, the world’s second-largest blockchain, has just hit a new record. On August 5, 2025, it handled 1.74 million daily transactions, based on a 7-day average, beating its old record of 1.65 million from May 2021.
This jump shows more people are using the Ethereum network, mostly because of growing use in <a href="https://thecoinrise.com/what-is-decentralized-finance-defi/" rel="noopener noreferrer nofollow">decentralized finance</a> (DeFi) and more interest from big investors.
<h2 id="b-ethereum-hits-new-transaction-record-b">Ethereum Hits New Transaction Record</h2>
July 2025 was Ethereum’s busiest month ever, as 46.67 million transactions were processed.&nbsp;
That is the most the network has ever handled in one month, showing more people are using it than ever before. By August 5, the daily average hit 1.74 million transactions, a big jump after steady growth in July.&nbsp;
On the same day, active Ethereum addresses reached 683,520, getting close to the record of 743,730 from May 2021. This rise in on-chain activity shows that more people and companies are using Ethereum often, proving it is still a popular and active blockchain.
<h2 id="b-defi-boosts-ethereum-use-as-stablecoins-gain-attention-b">DeFi Boosts Ethereum Use as Stablecoins Gain Attention</h2>
Min Jung, an analyst at Presto Research, says the increase in Ethereum’s daily transactions is mostly due to rising activity in the DeFi sector. Min Jung pointed out that many users are turning to strategies like point farming and treasury deployments. These actions are often done in hopes of earning yields, especially as expectations rise for a cut in interest rates.
Also, one of the major contributors to this trend is USDe, an Ethereum-based stablecoin from Ethena. The token recently crossed $9 billion in market capitalization in just a few weeks. Ethena’s partnership with Aave, a popular DeFi lending protocol, helped drive this rapid growth.&nbsp;
This growth comes as the Ethereum Foundation <a href="https://thecoinrise.com/ethereum-foundation-pledges-165-million-to-strengthen-defi-ecosystem/" rel="noopener noreferrer nofollow">allocated about $165 million to bolster the network’s decentralized finance</a> (DeFi) ecosystem in January.&nbsp;
<h2 id="b-institutional-confidence-builds-around-ethereum-b">Institutional Confidence Builds Around Ethereum</h2>
Vincent Liu, Chief Investment Officer at Kronos Research, noted that <a href="https://thecoinrise.com/vitalik-buterin-says-ethereum-reliability-attracts-institutional-investors/" rel="noopener noreferrer nofollow">institutional interest is also playing a big role</a> in Ethereum’s momentum. He pointed to ongoing efforts in the U.S. to bring clearer rules for crypto. This move is making more companies and investors feel safe to join.
Ethereum is now being <a href="https://thecoinrise.com/bit-digital-bets-big-on-ethereum-with-21-4m-public-offering/" rel="noopener noreferrer nofollow">used by several companies as a treasury asset. </a>This means businesses are holding ETH as part of their financial reserves to offer exposure to digital assets for investors. The total value of ETH held by public companies has now topped $7.5 billion.
Despite all the positive signs on the network, ETH’s price has not fully reacted. Liu believes the market is still adjusting. Currently, the ETH is trading at $3,813, up 5.35% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer">according to CoinMarketCap</a> data.&nbsp;
Looking ahead, Liu says Ethereum could grow more if staking ETFs are approved. These financial products would let investors earn rewards, bringing more interest and demand in the network.
The post <a href="https://thecoinrise.com/ethereum-breaks-new-records-as-on-chain-activity-peaks/" rel="noopener noreferrer nofollow">Ethereum Breaks New Records as On-Chain Activity Peaks</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Ethereum Breaks New Records as On-Chain Activity Peaks

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