Categories: Ethereum

Ethereum’s Daily Transactions Surpass One Million, Reaching 13-Month High

Click here to view original web page at

The Ethereum network has seen demand rise, as it is now processing over one million transactions per day, according to available blockchain data. While some of these transactions may be related to airdrops, the rise is still notable.

According to Ethereum block explorer Etherscan, on June 28 the ETH network processed little over one million transactions, a high it hasn’t seen since May of 2018, when ether was trading at about $800.

At press time, the cryptocurrency is trading at little over $300, meaning that while usage has been growing faster than ETH’s price. Ethereum’s daily transactions levels are still significantly below the record high registered in January of last year, when the network processed over 1.3 million transactions a day.

This peak coincided with ether’s all-time high above $1,400. Last year, the cryptocurrency’s price plummeted from said high to an $80 low in December before it started to recover, and has been climbing since.

The Ethereum network hit a monthly transaction high in December of last year, as 115 million transactions were confirmed that month, at a time in which unique addresses were on the rise. It’s worth noting this excludes the activity that followed the 2016 hard fork made because of the DAO hack.

As CryptoGlobe covered, however, a mysterious token airdrop recently took up nearly 60% of the Ethereum network. While airdrops like these may be helping the cryptocurrency’s growing daily transaction volumes, adoption is likely also playing a role.

Recently, two blockchain-focused startups, crypto payments firm CLIC Technology and blockchain infrastructure provider Opporty, partnered to release a browser extension that’ll allow users to shop on Amazon using Ethereum’s ether.

As covered, recently an investor bought ether at $5,200, as he or she purchased shares in the Grayscale Ethereum Trust (ETHE) for $499 on OTC markets. Each ETHE share has less than 0.01 ETH.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Binance Coin Outlook For September 2019

SummaryBinance continues to be the number one crypto exchange throughout 2019, and BNB, its native token, has established itself as… Read More

1 hour ago

Johnstone: Biden’s Brain Is Swiss Cheese And It’s Creepy That We’re Not All Talking About It

Authored by Caitlin Johnstone via, I didn’t watch the last Democratic presidential primary debates because I figured that without… Read More

1 hour ago

Will Bitcoin Mining Confidence Cause A BTC Price Spike To $28k?

Data from shows Bitcoin’s hash rate is at all-time-high. Last week, it peaked at 98.5 quintillion hashes per second.… Read More

1 hour ago

Bitcoin Mum despite Saudi Attack Raising Demand for Haven Assets

Bitcoin appeared stuck in a price-range on Monday as attacks on Saudi Arabia’s oil facilities raised concerns over global energy… Read More

1 hour ago

Bitcoin-Pumping Wealth Advisor Licks Chops Over Fed Meeting

A $10 billion wealth advisor predicts the next Fed rate cut will launch the bitcoin price to a new yearly… Read More

1 hour ago

High Throughput Blockchain Velas Lists on Leading Cryptocurrency Exchange

ZUG, SWITZERLAND / ACCESSWIRE / September 16, 2019 / Velas AG, the developer of the AI-powered DPoS blockchain of the… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More