Announcements Gate Research: Ethereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time

Gate Research: Ethereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time

2025-08-05 07:33:56 UTC 62414 Read

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- Market Commentary: BTC price slightly decreased by 0.19% over the past 24 hours, with trading volume increasing, indicating high market activity. Technical analysis shows BTC stabilizing at the $114,000 support level, with RSI at 43 suggesting oversold conditions, and MACD showing a positive crossover but weakening momentum. ETH rose 2.39% in the last 24 hours. Technical analysis indicates an RSI of 72, suggesting overbought conditions, MACD showing a sell signal, but moving averages supporting a bullish trend.
- Top Tokens: M, MNT, and LTC have performed strongly in the past 24 hours. M’s listing on major exchanges has increased the token’s visibility and accessibility, attracting investors and boosting trading volume. MNT’s significant rise over the past 24 hours is likely tied to the recent launch of a 9-day reward event by the Mantle network called “Mantle Tide.” Starting on July 30, this event offers $25,000 in MNT rewards, encouraging user participation in Mantle dApps and UR tasks, which may drive demand for MNT. LTC’s price surge in the past 24 hours is primarily driven by KOL promotions on social media platforms, technical breakthroughs, increased trading volume, and positive market sentiment.
- Alpha Insight: Crypto wallet Phantom announced the acquisition of Solsniper, an AI-based on-chain Memecoin trading platform for Solana. Ethereum's on-chain monthly transaction volume in July exceeded $238 billion, a 70% increase month-on-month. This is also the highest monthly transaction volume since December 2021, setting a new record for the past four years. According to data from the Artemis website, Sei's daily active users surpassed Solana for the first time on August 2. Sei's recent launch of native USDC and introduction of Ondo and Backpack, among others, has doubled its daily active user count in the last 3 months.

Discover more details today → E<a href="https://www.gate.com/learn/articles/gate-research-ethereum-transaction-volume-nears-240-billion-in-july-sei-daily-active-users-surpass-solana-for-the-first-time/10911" target="_blank">thereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time | Gate Research</a>

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August 5, 2025
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Gate Research: Ethereum Transaction Volume Nears $240 Billion in July | Sei Daily Active Users Surpass Solana for the First Time

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