Ethereum mainnet hits $60 billion in transactions, the highest since July.
Renewed interest in Ethereum’s DeFi and NFT ecosystems drives volume.
Scalability upgrades are anticipated to boost Ethereum adoption further.
Ethereum’s transaction volume reached $60 billion in the past week, the highest in three months. This reflects renewed interest in Ethereum’s capabilities amid a broader crypto market recovery.
https://twitter.com/intotheblock/status/1855902127983350204
Ethereum, the leading smart contract platform, has been attracting renewed interest from investors in DeFi and NFTs from the recent crypto market upheaval after Trump’s election victory, and as the second-largest cryptocurrency, its price has had a significant uptick.
The latest surge in Ethereum’s transaction volume, reminiscent of July’s levels, highlights the continued demand for its blockchain services and reflects a strong recovery in community engagement.
Unlike Bitcoin, which serves primarily as a store of value, Ethereum provides a platform for developers to build decentralized applications (dApps), increasing its value and use cases.
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