According to The Block data and PANews, Ethereum set a record with over 1.74 million daily transactions on August 5, driven by increased block gas limits, stablecoin strategies, and institutional inflows.
PANews reported on August 8 that Ethereum’s 7-day average daily transaction count hit a record of over 1.74 million on August 5, with July recording 46.67 million transactions and around 683,500 active addresses. The surge was driven by an increased Ethereum block gas limit to 45 million, along with stablecoin and ETH treasury strategies, while analysts from Presto Research and Kronos Research highlighted rising DeFi activity, yield demand, advancing US regulation, and institutional capital inflows. Additionally, public corporate ETH holdings have exceeded $7.5 billion.