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Ethereum Daily Transactions Exceeded One Million

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For the first time since May 2018, daily transactions registered on the Ethereum (ETH) network exceeded one million on June 28, according to data reported by leading Ethereum block explorer Etherscan.

As per data, on 28 June the number of confirmed transactions noted on Ethereum Chain was 1,004,170, that is the highest number of the daily transaction after May 2018. The current level of daily transactions is still down from the all-time high transaction of 1,349,890 registered on 4 Jan 2018.

The on-chain transaction value of Ethereum hit a monthly transaction high in December 2018. That month saw 115 million transactions confirmed on-chain, an all-time high excluding activity following a hard fork caused by the DAO hack in 2016.

Ethereum volumes on decentralized applications (DApps) registered a new high in April with 776,000 ETH transacted, as crypto analytics firm Diar reported. At the end of April, industry newsletter Diar also noted that on-chain transactions on the bitcoin (BTC) network hit fresh highs not seen since 2017 during the month.

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