Ethereum Sees Third Highest Transaction Volume in History Despite Price Slump

On June 25, the Ethereum (ETH) network recorded 1,759,940 confirmed transactions, achieving the third highest level in its history. This figure indicates a high level of activity not seen since the record high of 1,961,144 transactions on January 14, 2024.

According to an analysis released on June 27 by Carmelo Aleman, a registered analyst at the cryptocurrency analysis platform 'CryptoQuant', network usage has significantly increased despite the ongoing price slump. Over the past month, Ethereum's price has fluctuated between $2,879.22 and $2,111.89, a decrease of 10.8%, which has...