According to Glassnode, activity on the Ethereum network has seen a significant increase. The number of active addresses nearly doubled in a month, reaching 8 million. Daily transactions on the network also reached an all-time high of 2.8 million. The increase in activity is reportedly linked to a surge in stablecoin usage on the Ethereum blockchain. The development suggests growing adoption and utility of the Ethereum network for various applications, particularly those involving stablecoins.

According to Glassnode, activity on the Ethereum network has seen a significant increase. The number of active addresses nearly doubled in a month, reaching 8 million. Daily transactions on the network also reached an all-time high of 2.8 million. The increase in activity is reportedly linked to a surge in stablecoin usage on the Ethereum blockchain. The development suggests growing adoption and utility of the Ethereum network for various applications, particularly those involving stablecoins.