Ethereum Transactions Hit All-Time High Amid Stablecoin and Treasury Demand

Ethereum has reached a new daily transaction record, surpassing its previous 2021 peak. On August 5, the blockchain processed 1.74 million transactions, driven by surging demand in DeFi, stablecoins, and ETH-based treasury strategies.

This milestone marks a significant shift in Ethereum’s usage patterns, with both retail and institutional players fueling on-chain activity. The renewed focus on Ethereum for corporate treasuries has played a key role, as companies seek exposure to programmable digital assets in the face of global monetary uncertainty.

“Interest in Ethereum is boosted by U.S. efforts for regulatory clarity and institutional accumulation,” said Vincent Liu, CIO of Kronos Research.

More than a dozen firms have recently adopted an Ethereum treasury strategy, adding ETH to their balance sheets to hedge risk and attract capital. The total public company holdings of ETH have now exceeded $7.5 billion, showing growing confidence in the asset’s long-term potential.

“There’s growing confidence behind the scenes, but markets are still calibrating,” Liu added. “The ETH price is moving more cautiously despite rising usage.”

Stablecoins like USDC and DAI continue to drive DeFi activity on Ethereum, increasing the network’s utility beyond speculation. Analysts believe this usage-based growth reflects organic demand, not short-term hype.

ETF Approval Could Unleash More Upside

Looking ahead, Liu noted that ETH staking ETFs could be a catalyst for broader institutional adoption. These products would allow ETH to become a yield-bearing asset, attracting capital from traditional funds and retirement portfolios.

“Further upside in both price and on-chain activity could be unlocked by the approval of Ethereum staking ETFs,” Liu said.

Ethereum’s record-breaking transaction volume reflects deep structural momentum—and with regulatory clarity and new investment vehicles on the horizon, the network’s growth story appears far from over.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.