Ethereum Hit 1 million Daily Transactions since May 2018

As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018 (see Exhibit 1).

Exhibit 1: Daily Transactions of Ethereum

Source: Etherscan

There were 1,004,170 transactions confirmed on the Ethereum blockchain on 28 June, yet it is still lower than the peak on 4 Jan 2018 of 1,349,890 daily transactions.

The on-chain transaction value of Ethereum hit a monthly transaction high of 115mn in December 2018. This is second to the all-time high transaction value following a hard fork caused by the DAO hack in 2016.

For the unique address growth of Ethereum, it has hit 69.06 mn as of 30 June, a 27% increase compared to beginning of 2019. (see Exhibit 2).

Exhibit 2: Ethereum Unique Address Growth

 Source: Etherscan

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