The number of interactions of addresses on the Ethereum network reached its recent peak, reaching 467,000 in a single day.
The Ethereum ETF news, which started on June 16, continues to show its impact. Addresses in the Ethereum network continue to interact incredibly. The Ethereum network, which captured 467,000 “unique address interactions” in just one day, reached a two-month peak for this data.
Ethereum network gained momentum with the ETF issue
Since the initial announcement of Ethereum-based Exchange Traded Funds (ETFs) on June 16, the market has observed a significant increase in activity levels on the Ethereum network. ETFs open the doors for both institutional and retail investors to easily invest in assets. With these situations, many data on the Ethereum network experienced a huge increase in a short time.
As Ethereum faces updates such as the transition from Proof of Work to Proof of Stake with Ethereum 2.0, increased network activity could be an early sign that the market is poised for more benefits and perhaps more value. Additionally, updates such as the transition from Proof of Work to Proof of Stake with Ethereum 2.0 and factors such as increased network activity play an important role in attracting investors and users to this area.
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