Ethereum Smashes Records: 1.87 Million Daily Transactions Fuel Bullish Frenzy

Ethereum's network just hit warp speed—processing a staggering 1.87 million transactions in 24 hours. The blockchain isn’t just humming; it’s screaming 'LFG' while TradFi bankers clutch their spreadsheets.

Why This Isn’t Just Gas Fees Talking

Activity’s surging beyond DeFi’s usual suspects—NFTs, gaming, and even enterprise adoption are gobbling up blockspace. Meanwhile, Bitcoin maxis mutter about 'real decentralization' from their dial-up-era transaction lanes.

The Kick in the Teeth for Legacy Finance

Wall Street’s 'blockchain, not crypto' narrative looks shakier by the day. Ethereum’s organic growth hits like a rogue DAO proposal—while banks pay interns to manually reconcile their 'private chains.'

Ethereum recorded 1.87 million transactions yesterday, nearly reaching its all-time high set in January 2024. This surge was driven by stablecoin activity, primarily USDC and Tether, as well as trading on Uniswap. Analysts from Nansen and DappRadar attribute the rise to stronger market confidence, fueled by ethereum ETF approvals and the recent GENIUS Act, which gives US legal backing to stablecoins.