🚀 Ethereum Network On Fire: Transactions Skyrocket 70% in Just One Month

Ethereum isn't just humming—it's roaring. The network just posted its most explosive growth in months, with transaction volume leaping 70% since July. Traders, degens, and even cautious institutional players are piling in—whether they understand the tech or not.

Gas fees? Who cares when there's money to be made

The surge defies last quarter's 'crypto winter' whispers. While Wall Street analysts were busy downgrading forecasts, Ethereum's chain processed more activity than some small countries' GDPs. Classic finance, always a step behind.

The real question: Sustainable boom or speculative bubble?

Either way, the network's stress-testing itself in real time. If this keeps up, ETH might just remind everyone why it's the backbone of Web3—while bankers scramble to explain their 'blockchain isn't scalable' PowerPoints from 2023.

This renewed network activity suggests that DeFi users are now moving onto Ethereum as the crypto regulations around cryptocurrencies, specially stablecoins, improvises. As a leading and dominant smart contract blockchain platform, Ethereum could be a major beneficiary of it. 

Moreover, the rapidly increasing adoption for institutional Ether (ETH) reserve is also a key reason behind Ethereum’s gigantic transaction growth this year. Several companies, including BitMine, SharpLink, and The Ether Machine, are currently holding over $10 billion in ETH reserves, which is also continually growing with frequent acquisitions. 

Hyperliquid Leads Daily Transactions 

While Ethereum sees a massive gain in daily transaction counts, it’s worth noting that Hyperliquid L1 is the dominating blockchain network for this particular metric. 

As per Artemis data, Hyperliquid L1’s total daily transactions count currently sits at 847 million, ranking it first among all blockchain networks. Internet Protocol stands at the second place with 133 million daily transaction count, while solana is positioned at the third place with 98.1 million.

Notably, Ethereum currently ranks 18th in the list, while new generation blockchains like Sei, Near, Sui, Aptos, and L2s (layer 2 networks) like Base and Arbitrum are far ahead. 

Also Read: GameSquare to Fund Stock Buyback with Onchain ETH Yields