ETH market行情

Yesterday, Ethereum recorded 1.75 million transactions, the highest level since January 2024. In May, the monthly transaction volume reached 41.98 million, making it the second-best month ever and the strongest month since May 2021.

The surge is mainly driven by stablecoin activity, which has skyrocketed in recent months, as over 50% of all stablecoins issued last month were on Ethereum.

Other factors include the strong institutional demand reflected by the high inflow of Ethereum ETFs, as well as the Pectra upgrade.