Ethereum Hits 12-Month High with 1.8 Million Daily Transactions

Market Context

The spike in Ethereum usage reflects both user and institutional adoption at a time when broader crypto markets are evolving. Increased staking and the supportive landscape for liquid staking—bolstered by recent SEC guidance—suggest Ethereum is becoming more attractive as both a yield asset and a foundational protocol for decentralized finance.

Technical Details

• Transaction Volume: Ethereum reached 1.8 million daily on-chain transactions, its highest level in a year.
• Staking Uptake: Around 30% of all ETH supply is staked, indicating strong holder conviction and ecosystem commitment.
• Institutional Flows: Goldman Sachs added 160,072 ETH (~$721 million) to its portfolio, amid growing institutional inflows into spot ETFs.
• Dominance Shifts: Bitcoin’s dominance dropped from 60% to 57% in August, illustrating capital rotation toward Ethereum.

Analyst Perspectives

Analysts note that while the surge in transactions and staking signals a strengthening Ethereum ecosystem, long-term momentum will rely on sustained developer activity, user retention, and scaling improvements. Regulatory clarity and evolving ETF models could further influence institutional flows.

Global Impact Note

Ethereum’s increased activity and institutional adoption underscore its growing role as a global financial infrastructure. Its emergence as a programmable settlement layer may influence regulatory frameworks, cross-border finance models, and decentralized application development globally.