Ethereum Crosses One Million Transactions

Blockstuffs . 3 mins read . July 3, 2019

The daily transactions registered on Ethereum network has exceeded one million for the first time since May 2018.

According to the data reported by Etherscan, a leading Ethereum block explorer, where 1,004,170 transactions occurred on Ethereum blockchain on June 28, 2019. However, the current level is lower than 1,349,890 daily peak transaction occurred on January 4th, 2018.

Similarly, the on-chain transaction of Ethereum reached monthly high transactions in December 2018, whereby 115 million transactions were registered on-chain excluding activity followed by a hard fork caused by DAO Hack in 2016. 

Also Read:  10 Popular Blockchain Hacks 

Furthermore, According to the report by Diar, a crypto analytics company, Ethereum volumes on decentralized applications (DApps) in April during which 776,000 ETH transactions were done. During this time on-chain transactions on Bitcoin reached several new highs which have not been experienced since 2017.

On a similar note, Veteran trader and author Peter Brandt predicted that the Bitcoin will continue to grow. This growth, however, might not be applicable to the altcoins like Ethereum. 

What do you think? Will this price increase in the days to come? Drop your comments below.

For More: History of Ethereum from beginning