- Ethereum’s July 2025 onchain volume surged 70% to $238B, setting a record 46.67M transactions.
- Vitalik Buterin’s portfolio exceeded $1B as ETH rose above $4,300.
- Spot ETH ETFs saw $326.6M weekly inflows, outpacing Bitcoin ETF gains.
Ethereum recorded a sharp increase in onchain activity in July 2025, reaching $238 billion in transaction volume. According to a post by Satoshi Club, this marked a 70% rise from June and the highest monthly total since December 2021. The network processed 46.67 million transactions in the month, setting a new record.
Daily transaction counts exceeded 1.8 million several times in late July and early August. The highest daily totals came on August 5 and 6, with 1,878,031 and 1,833,756 transactions, respectively. The seven-day average climbed above 1.74 million, a level last seen in 2021.
Layer-2 Adoption and Lower Fees Boost Usage
The surge came alongside wider use of layer-2 platforms such as Arbitrum and Optimism. These solutions have improved Ethereum’s throughput and lowered costs for both retail and institutional participants. Onchain fees stayed mostly between $0 and $4 per transaction, with short spikes to $6–$8 during peak hours on August 5.
As of early August, block utilization stood at 49.53%, leaving capacity for further growth without large fee increases. Staking participation also expanded after U.S. regulators clarified that certain staking receipt tokens are not securities. Staked ETH has now passed 30% of total supply.
Stablecoin transactions on Ethereum topped $50 billion per week, showing continued dominance in DeFi and cross-chain use. ETH balances on exchanges fell to 15.35 million in July, the lowest since 2016. This reduction coincided with Ethereum’s price recovery above the $4,000 mark.
Buterin’s Holdings Cross $1 Billion
Ethereum’s rally also returned co-founder Vitalik Buterin to onchain billionaire status. Arkham data shows his portfolio at about $1.04 billion, including 240,042 ETH and smaller holdings in Aave Ethereum, WhiteRock, Moo Deng, and Wrapped Ethereum. Ether climbed 6.38% on Saturday to a high of $4,332, extending gains after reclaiming $4,000 on Friday.
At the time of reporting, ETH traded at $4,244, while Bitcoin’s share of total crypto market value declined. Spot Ether exchange-traded funds have seen stronger inflows than Bitcoin products in recent days. Arkham reported $461 million in ETH ETF flows on Friday, compared to $404 million for BTC.
Over the past week, U.S.-based spot ETH ETFs recorded $326.6 million in net inflows, while BTC ETFs added $253.2 million. Buterin first became a crypto billionaire in May 2021 when ETH passed $3,000. He has cautioned against excessive leverage in Ether treasury strategies, warning it could risk the network’s stability.
