A new all-time high for daily transaction volume has been recorded on the Ethereum network. On August 5, 2025, this figure reached 1.74 million, surpassing the previous record set in December 2021. A consistently high level was maintained the following day — August 6.
This is reported by Finway
Increase in Activity and Monthly Volume Records
In addition to record daily figures, the Ethereum network also set a new monthly transaction record in July 2025. A total of 46.67 million transactions were processed, exceeding the previous record of 45.06 million recorded in May 2021.
The increase in activity was made possible by raising the gas limit to 45 million, which is 25% higher compared to the figure at the beginning of February 2025. This allowed for more transactions to be processed within a single block, contributing to further growth in network load.
Growth Factors: Institutional Interest and Balance Changes on Exchanges
Experts note that institutional interest plays a key role in boosting activity. Many large players are actively using stablecoins, for which Ethereum remains the primary platform, as well as increasing their reserves in ETH. The rise in network activity is accompanied by an outflow of coins from centralized exchanges, which may indicate growing investor confidence and reduced selling pressure.
“The growing interest in yield strategies, especially ahead of the [Federal Reserve] rate cut, has led to an increase in on-chain transactions, from point farming to treasury asset placements,” said Min Jun, an analyst at Presto Research, in a comment to The Block.
Currently, the total supply of Ethereum remains above 120 million ETH, according to data from Ultrasound Money, and continues to grow. At the same time, low fees pose a threat to the coin’s deflationary status; however, increased network activity may partially offset this risk.
Another potential driver for further growth of the network and ETH price is the possible approval of staking in spot Ethereum ETFs. The U.S. Securities and Exchange Commission is currently reviewing relevant applications from leading investment funds, but a final decision has yet to be made.