Ethereum’s gas usage has hit an all-time high due to rising ETH and stablecoin transfers. The daily activity has surged, indicating a strong DeFi utilization without corresponding spikes in transaction fees.
The network has recorded significant stablecoin activity, particularly with USDT and USDC, contributing to over 1.6 million daily transactions. This level of activity is reflective of renewed interest in the platform as liquidity and use cases continue to expand.
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