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Crypto Express

08/08 05:03

Ethereum throughput hits all-time high



Layered onto Ethereum’s potential August breakout is a spike in on-chain throughput.

ETH’s daily transactions (7DMA) hit an all-time high of 1.74 million on the 5th of August, surpassing even the peak levels of the 2021 bull cycle. 

In fact, July also recorded the highest monthly transaction count ever at 46.67 million, while active addresses surged to 683,520, reflecting strong DeFi rotation, and growing institutional deployment on-chain.

Taken together, Ethereum’s on-chain and price action are syncing up.

ETH’s reclaim of range highs, transaction volumes breaking records, and corporate ETH holdings exploding, all point to a shift in momentum. August, usually a bloodbath, might be getting a rewrite.

So, is an all-time high next? Ethereum’s just 22% off its peak. July ripped +48% off a clean reset.

With on-chain activity ripping, August may be primed for a continuation breakout into price discovery.

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