Cryptocurrency News

Ethereum’s Daily Transaction Volume Is Over 1 Million

The Ethereum network is popular. According to Etherscan, the volume of daily transactions exceeded one million for the first time since May 2018.

Etherscan is a site which analyzes ETH data. It shows that on June 28th, a total of 1,004,170 transactions got confirmed on the ETH blockchain. While this is a high number, it still does not match the record of 1,349,890. It happened on January 4th, 2018. That said, it is significantly higher than the all-time low of 1,329 transactions. That happened on  August 9, 2015. However, the trend did not last for long. Yesterday, for example, the respective number was only 733,337.

The news comes after DataLight, a cryptocurrency analysis platform, reported that Ethereum is leading the way in terms of mass adoption. And the altcoin is apparently not planning to stop. Recently, it announced the launch of Ethereum 2.0, which is set to take place in 2020. The project aims to tackle the recurrent scalability issue. Besides, rumors have been circulating that ETH might introduce a privacy solution in the future.

The ambition is promising, as ETH is steadily rising in price. Back in May, Altcoin Buzz reported that it hit its highest level since September 2018. It traded at $288. Now, its price fluctuates within the boundaries of $300.


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