TLDR
- •Ethereum processed 1.7 million transactions in a single day.
- •DeFi activity contributed to the surge in transaction volume.
- •Ethereum's price rose above $4,300 amid increased demand.
Ethereum's network has achieved a new milestone, processing 1.7 million transactions in a single day. This development was reported by CryptoQuant, a prominent on-chain analytics firm.
The surge in transactions is attributed to increased DeFi activity, real‑world adoption, and rising institutional demand in the U.S. The transaction count reflects the growing utility of Ethereum beyond just speculative trading.
Drivers Behind the Transaction Surge
Primary factors contributing to the surge include high DeFi app usage and increased activity on exchanges. Analysts from CryptoQuant noted the rise in transactions points to genuine network adoption.
CryptoQuant Analyst Darkfost commented on the matter, saying, "Today, we are hitting 1.6–1.7M, marking the highest levels ever recorded on Ethereum." This information was shared on the CryptoQuant Official Telegram Channel.
"This surge comes from real adoption, with Ethereum powering DeFi apps, lending platforms, and exchanges."
Darkfost, Analyst, CryptoQuant
Impact on Ethereum Price and Market
The spike in transactions has sent Ethereum's price above $4,300. Analysts speculate that the momentum could push ETH towards $7,700. However, no official reports confirm such targets.
An unusual premium for ETH on Coinbase reflects increased institutional interest. According to Crypto Dan from CryptoQuant, "A premium on Ethereum, unseen in recent times, has emerged on Coinbase."
Institutional Activity Insights
The reports show no direct new institutional funding linked to this milestone. However, the presence of an ETH premium on Coinbase suggests increased accumulation by institutional‑grade whales.
Besides ETH, increased miner outflows into exchanges were reported for BTC. While BTC's activity isn't directly related to Ethereum's transaction surge, it's part of the broader crypto market movement.
DeFi Sector and Related Assets Reaction
The rise in DeFi activity is influencing various protocol tokens such as AAVE, UNI, and COMP. These tokens are experiencing a bullish trend due to increased Total Value Locked (TVL) and transaction counts.
According to CryptoQuant Insights, DeFi TVL has grown by 45% since July 2025, reaching $90.62 billion on the Ethereum network.
Community and Market Sentiment
Community sentiment appears positive, as indicated by strong reactions to the record transaction levels on CryptoQuant's Telegram channel. While some core developers and officials have not publicly commented, the sentiment remains optimistic.
The overall enthusiasm suggests that Ethereum's network is on a sustainable growth path, fostering further confidence in its ecosystem.