The number of daily transactions on the Ethereum network rose to 1.87 million, approaching the all-time high of 1.96 million set in January 2024.

Etherscan data shows that Ethereum's daily transaction count rose slightly to 1.87 million yesterday, approaching the all-time high of 1.96 million set on January 14, 2024. Nansen Senior Research Analyst Jake Kenni said the surge was primarily driven by increased trading volume for stablecoins like USDC and Tether, as well as the decentralized exchange Uniswap. The surge in stablecoin trading may be linked to activity in Washington. Sara Gherghelas, Senior Analyst and Researcher at DappRadar, stated that the passage and signing of the GENIUS Act, which provides a legal framework for stablecoins operating in the United States, has boosted market confidence.