The daily trading volume of Ethereum reached 1.87 million, close to a record high

According to Etherscan data, the daily trading volume of Ethereum reached 1.87 million, close to the record high of 1.96 million in January 2024

Jake Kenni, a senior research analyst at Nansen, said that the growth of this round of trading volume was mainly driven by the activity of USDC, Tether and other stablecoins and the decentralized exchange Uniswap. Sara Gherghelas, a senior analyst and researcher at DappRadar, said that this growth is related to a number of regulatory advances, including the adoption of the GENIUS Act, a U.S. stablecoin regulatory framework, and the approval of several Ethereum ETFs