The daily number of transactions on the Ethereum network has risen to 1.87 million, approaching the historical high of 1.96 million set in January 2024

According to Decrypt, Etherscan data shows that the daily transaction volume of Ethereum slightly increased to 1.87 million yesterday, approaching the historical record of 1.96 million transactions set on January 14, 2024. Nansen senior research analyst Jake Kenni said that this surge is mainly due to the increase in trading volume of stablecoins USDC, Tether, and decentralized exchange Uniswap. The surge in stablecoin trading volume may be related to activities in Washington. Sara Gherghelas, Senior Analyst and Researcher at DappRadar, stated that the passage and signing of the GENIUS Act has boosted market confidence, providing a legal framework for stablecoins operating in the United States.