Yesterday, the number of transactions on the Ethereum network reached 1.87 million, nearing an all-time high.

BlockBeats News, August 7th, according to Etherscan data, the daily transaction count on the Ethereum network yesterday rose to 1.87 million transactions, close to the all-time high of 1.96 million transactions set on January 14, 2024.

Nansen's Senior Research Analyst, Jake Kenni, stated that this surge in transactions was mainly driven by the increased volume of stablecoins such as USDC, Tether, and decentralized exchange Uniswap. DappRadar's Senior Analyst, Sara Gherghelas, pointed out that the passage of the "GENIUS Act" provided a legal framework for U.S. stablecoin operations, strengthening market confidence.