due to the increase in the amount of ETH pledged and the support of regulatory agencies for liquidity mining, the transaction volume on the Ethereum network has reached a historical high. The U.S. Securities and Exchange Commission clarified that certain liquidity mining activities are not considered securities, sparking interest from institutions. Driven by the increase in corporate pledges and treasury holdings, the price of Ethereum has surged by 163% since April. Earlier this week, the average daily transaction volume on the blockchain reached 1.74 million transactions, surpassing the historical record of 1.65 million transactions set on May 12, 2021.
