Ethereum: 203.9M transactions in Q2, $147.3B in stablecoins
- —Ethereum mainnet transactions: 203.9M in Q2, up 68.4% year over year
- —Stablecoins on the network: $147.36B, USDT at 49.88%, USDC at $47.07B
- —Monthly active users fell 30% to 9.2M
- —Fees rose 31.6% from the previous quarter but fell 49.2% year over year
Why it matters: Transaction growth is not converting into network revenue and demand for ETH, which limits the token's upside potential.
Source: TokenPost