The volume of transactions in the Ethereum network in August reached $ 320 billion. This is the maximum level since May 2021 and the third highest indicator in the history of the blockchain, experts from The Block said.

Experts called two reasons for the growth of activity:

  • The number of unique transactions per month has reached a historical maximum;

  • The total cost of all crypto assets blocked in the smart contracts of the ecosystem is maintained near peak values.

In addition, the interlocutors of The Block journalists drew attention to the growing demand from large funds and companies that actively accumulate the second in capitalization of cryptocurrency. At the same time, average commission fees for transactions have decreased to minimal values ​​over the past three years.

Now the ether remains an underestimated coin, the catalysts of the future growth of the asset will be the interest of investors in ETH–ETF and corporate investments in cryptocurrency, the experts of The Block made a forecast.

Earlier, analysts at the Matrixport financial platform reported that the second year of capitalization of cryptocurrency rose above $ 4200 thanks to large purchases of corporate investors.