Daily Ethereum transactions at a new record high thanks to DeFi hype

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The previous record high was reached in 2018.

The number of daily transactions on the Ethereum blockchain has hit a new record high

However, this currently also means that the network is severely clogged.

On September 17, the number of daily transactions was accordingly just under 1,406,000, as the data from the crypto information service Bitcoin Era platform show. This is also the highest number of transactions per day since Ethereum was founded.

According to Etherscan, the previous record high was reached on January 4, 2018, when there were 1,350,000 transactions.

Number of Ethereum transactions per day. Source: Etherscan

The new record high is against the background of the hype about decentralized financial services (DeFi)