Ethereum's daily transaction volume has reached new all-time highs, driven by increased activity in stablecoins, ETFs, and meme coins. On August 5, 2025, the seven-day moving average of daily transactions hit 1.74 million, surpassing the previous record of 1.65 million set in May 2021. Transaction counts have approached nearly 2 million on some days in August, with fees remaining low at approximately $0.02 per transaction. July 2025 recorded a monthly transaction volume of 46.67 million, the highest since December 2021, with on-chain transaction volume reaching $238 billion, a 70% increase from June. Active Ethereum addresses rose to 683,000 on August 5, nearing the 2021 peak. The surge is also supported by record levels of staked ETH and regulatory clarity around liquid staking. Additionally, the number of addresses holding over 10,000 ETH has surged to 868,886, the highest in a year, indicating strong investor interest and confidence in the network.