Ethereum's on chain transaction volume reached $238 billion in July, the highest since December 2021

According to The Block, Ethereum's on chain transaction volume reached $238 billion in July, an increase of 70% compared to the previous month, the highest since December 2021; The network processed 46.67 million transactions, breaking the monthly record, with 17.55 million active addresses approaching the historical peak. The 7-day moving average shows a daily trading volume of nearly 1.66 million transactions, approaching the high point of May 2021. ETH's price rose to $3700 at the end of the month, reaching a multi-year high.