Ethereum Transaction Volume Surges to $240 Billion

In July, Ethereum experienced a remarkable surge in onchain transaction volume, exceeding $238 billion. This figure reflects a substantial 70% increase compared to June and represents the highest monthly total since December 2021. Additionally, the network recorded 46.67 million transactions, marking an all-time monthly high, up 3.6% from its previous record in May 2021. The 7-day moving average (7DMA) of transactions on the Ethereum network approached an all-time high of 1.64 million, just shy of the previous peak of 1.66 million set in May 2021. Alongside this, July recorded 17.55 million active addresses on the network, the most since May 2021. Amidst these positive updates for Ethereum's metrics, the price of ETH reached multi-year highs, valued at $3,700 by the end of July. This data comes from The Block's Data & Insights newsletter, which delves into the numbers driving key trends in the industry. Disclaimer: The Block is an independent media outlet providing news, research, and data. As of November 2023, Foresight Ventures is a major investor in The Block and also invests in the crypto space. Crypto exchange Bitget serves as an anchor LP for Foresight Ventures. The Block operates independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2025 The Block. All Rights Reserved. This article is for informational purposes only and does not constitute legal, tax, investment, or financial advice.