Record on-chain transaction volume and heightened network engagement in July underscore Ethereum’s robust performance and renewed confidence as ETH hits a multi-year high of $3,700.
Ethereum set new on-chain records in July with transaction volume exceeding $238 billion—a 70% rise from the previous month—and a monthly transaction count of 46.67 million, while active addresses reached 17.55 million and the 7DMA of transactions nearly hit an all-time high. Earlier reports noted a strategic reserve jump from $200M to $10B, reflecting long-term market confidence.