The Ethereum ecosystem was notable for its record-breaking month of August. Ethereum's on-chain adjusted transfer volume surpassed $320 billion, reaching its highest level since May 0 represents the third-largest monthly volume in Ethereum 1 Network Transaction Volume Exceeds $320 Billion in August: Highest Level Since 2021 The data covers not only transfers but also DeFi interactions and other blockchain-based 2 30-day transaction count also reached a new high in August, while active ETH addresses reached their second all-time high. Ethereum's total value locked (TVL) also remains near historical 3 impact of institutional investors is the primary driver of this 4 traded companies' ETH reserves rose from $4 billion at the beginning of the month to $12 5 Immersion and SharpLink Gaming, in particular, made significant 6 volumes and net inflows for spot ETH ETFs also accelerated during the same 7 transaction fees have fallen to their lowest levels in five 8 2024 Dencun update (EIP-4844) reduced costs for rollups, while this year's Pectra upgrade focused on improving account abstraction and user 9 exit requests hit a record high in August, while entry requests also reached a two-year 10 attribute much of this movement to fund flows into liquid retaking 11 price, on the other hand, is trading at $4,337 after the recent correction, trading 12% below its peak. *This is not investment 12 Reading: Ethereum's (ETH) Monthly Trading Volume Reaches Highest Level Since May 2021!
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