Ethereum Hit 1 million Daily Transactions since May 2018

Matthew Lam   Jul 01, 2019 04:30

As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018 (see Exhibit 1).

Exhibit 1: Daily Transactions of Ethereum

 ETH Txcompressed-min.jpg

Source: Etherscan

There were 1,004,170 transactions confirmed on the Ethereum blockchain on 28 June, yet it is still lower than the peak on 4 Jan 2018 of 1,349,890 daily transactions.

The on-chain transaction value of Ethereum hit a monthly transaction high of 115mn in December 2018. This is second to the all-time high transaction value following a hard fork caused by the DAO hack in 2016.

For the unique address growth of Ethereum, it has hit 69.06 mn as of 30 June, a 27% increase compared to beginning of 2019. (see Exhibit 2).

Exhibit 2: Ethereum Unique Address Growth

ETH Unique addresscompressed-min.jpg

 Source: Etherscan

Thumbnail image credit: Shutterstock

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