Ethereum hit an all-time excessive of 48.22 million month-to-month transactions, with 1.8 million each day transactions recorded within the final 24 hours. On-chain knowledge additionally exhibits that ETH’s month-to-month transactions elevated by 5.8% prior to now 30 days and 51% prior to now 12 months.
The digital asset topped $320 billion in transaction quantity throughout the mainnet in August, marking its third-largest month ever. Institutional demand and exchange-traded fund inflows drove an enormous chunk of ETH transactions.
Ethereum witnesses an uptick in worth
Ethereum simply hit an ALL-TIME HIGH in month-to-month transactions. 📈 @growthepie_eth
Over 48.1M txs on mainnet prior to now 30 days! 🔥
The best ever recorded! pic.twitter.com/6Hk8uuHXv5
— Leon Waidmann 🔥 (@LeonWaidmann) September 5, 2025
Ethereum’s worth surged final month and hit an all-time excessive of $4,953, and is exchanging palms at $4,460 at press time after experiencing slight intraday volatility. The digital asset’s worth has additionally seen a 24% improve prior to now 30 days and an 86.52% surge within the final 12 months.
ETH’s complete worth locked (TVL) in DeFi at the moment stands at $92.24 billion, nearing its peak at roughly $108.8 million from the 2021 bull cycle. It additionally acquired a complete of 64,793 new addresses within the final 24 hours.
On-chain knowledge exhibits that Ethereum topped its month-to-month decentralized trade (DEX) buying and selling quantity at $139.63 billion final month. It marked the digital asset’s strongest month ever for DEX exercise, solidifying its function because the main Layer-1 community for on-chain buying and selling.
As of September 5, Ethereum’s provide on all exchanges dropped to its lowest stage in three years, roughly 17.3 million. Elevated demand from funding funds and company patrons has drained most of ETH’s reserves on exchanges.
Firms including Ethereum to their holdings additionally hit $12 billion by the tip of August. SharpLink Gaming led the pack with 797,704 ETH holdings in late August, value roughly $3.5 billion.
BitMine Immersion follows with greater than 1.5% (about $1.86 billion) of Ethereum’s circulating provide. On Thursday, the corporate added one other $65 million in ETH to its treasury as its first batch this month. On-chain knowledge revealed that the agency made six transactions by Galaxy Digital to finalize the acquisition.
“We proceed to consider Ethereum is likely one of the largest macro trades over the following 10-15 years. Wall Avenue and AI shifting onto the blockchain ought to result in a larger transformation of in the present day’s monetary system. And the vast majority of that is happening on Ethereum.”
–Tom Lee, Chairman of BitMine.
Lee additionally believes that Ether will finally surpass $60,000 in the long run. He in contrast institutional curiosity within the digital asset to 1971’s New York Inventory Market data for quantity and single-day acquire.
Lee believes ETH staking will appeal to extra adoption
On-chain knowledge additionally exhibits spot ETH exchange-traded funds (ETFs) attracted greater than $13.21 billion in internet inflows since launching in July 2024. The funds additionally pulled in over $10 billion in internet inflows between June and August, with July alone seeing $4.86 billion.
On the time of writing, BlackRock’s iShares Ethereum ETF (ETHA) leads with over $13.14 billion in its holdings. The Constancy Ethereum Fund follows with 2.5 billion ETH, whereas the Grayscale Ethereum Belief ETF has over 1.42 billion ETH.
Fabian Dori, chief funding officer of Sygnum, argued that Ethereum has not too long ago skilled a big enhance within the recognition of each its adoption charge and worth proposition. He additionally believes that staking is the following frontier for Ether ETFs because of the potential skill to accrue an extra yield inside a regulated exchange-traded construction.
Lee additionally reiterated that publicly traded corporations with ETH treasuries ought to commerce at a premium as a result of they will stake their holdings. ETHs are at the moment constrained by liquidity necessities, stopping them from staking their whole holdings. He argued that Ethereum ought to add a 90% worth to an organization holding ETH in its holdings because it generates a 3% staking reward. In response to him, the initiative would suggest a multiplier of 1.9, and ETFs won’t ever get the correct multiplier for staking.
