The number of daily transactions on the Ethereum network has risen to 1.87 million, approaching its historical peak.

According to Etherscan data, the number of daily transactions on the Ethereum network rose to 1.87 million yesterday, approaching the historical high of 1.96 million set on January 14, 2024.

Nansen senior research analyst Jake Kenni said the surge in trading was primarily driven by rising volumes in stablecoins like USDC and Tether, as well as on the decentralized exchange Uniswap. DappRadar senior analyst Sara Gherghelas noted that the passage of the GENIUS Act provided a legal framework for stablecoin operations in the United States, boosting market confidence. (Decrypt)