Analysis: Rising Staked ETH and Regulatory Support for Liquid Staking Drive ETH Up

According to Jinse Finance, the Ethereum network's transaction volume has reached a historic high due to the increase in staked ETH and regulatory support for liquid staking. The U.S. Securities and Exchange Commission clarified that certain liquid staking activities do not constitute securities, sparking institutional interest. Driven by increased corporate staking and treasury holdings, the price of Ethereum has soared 163% since April. Earlier this week, the blockchain's seven-day average daily transaction volume reached 1.74 million, surpassing the previous record of 1.65 million set on May 12, 2021.