Emre Yumlu 
Ethereum is experiencing one of the most active periods in its history in terms of network activity and transaction volume. As of August 5, the 7-day moving average of daily transactions reached 1.74 million, setting a new all-time high. This figure surpassed the previous record of 1.65 million set on May 12, 2021.
Monthly Transaction Record in July
July 2025 marked a major milestone for the Ethereum network. A total of 46.67 million transactions were recorded throughout the month — the highest monthly transaction count in Ethereum’s history. On August 5, the number of active addresses also rose to 683,520, approaching the all-time high of 743,730 from May 2021.
This surge came shortly after Ethereum increased its block gas limit to 45 million, enabling the network to process more transactions at once and improving overall scalability.
DeFi, Stablecoins, and Treasury Strategies Drive Growth
According to Presto Research analyst Min Jung, the surge in daily transactions reflects the rising activity within the DeFi space. There has been a notable increase in stablecoin-based transactions, fueled by growing interest in yield strategies amid expectations of interest rate cuts. From point farming to on-chain treasury placements, a range of activities has contributed to this momentum.
Vincent Liu, CIO of Kronos Research, also emphasized the role of institutional interest in Ethereum, supported by the U.S.’s ongoing push to bring regulatory clarity to the crypto space and growing corporate demand for digital asset exposure.
An increasing number of companies are adopting Ethereum treasury strategies to diversify their balance sheets and attract investors interested in digital assets. According to recent data, the total value of ETH held by publicly traded companies has surpassed $7.5 billion.
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