On-chain transactions on Ethereum reach new peak of the year
On-chain transactions on Ethereum have reached a new high in 2024, with trading volume hitting approximately 183.74 billion USD in the past November. This strong recovery has drawn significant attention from the NFT market, indicating that activity on the Ethereum platform is experiencing notable growth. This record reflects the network's good recovery and the long-term goals of investors.
Data also shows that the number of active addresses on Ethereum has risen to a historic high, with the weekly active address count exceeding 3 million. This not only demonstrates the transparency and usability of Ethereum but also indicates a growing interest from investors.
However, alongside these positive signals, there are still risks to be aware of. A decline in development activity and selling pressure from some investors could create volatility in the future. Changes in trading volume on exchanges also need to be monitored to make appropriate investment decisions.