Ethereum Transactions Surge Amid Staking Boom and SEC Boost

Ethereum (ETH) has reached a new milestone as daily transactions on its network have hit new record levels. This surge is driven by fresh regulatory clarity from the U.S. Securities and Exchange Commission (SEC) as well as staking boom.

According to the information taken from blockchain data, the seven-day average of daily transactions climbed to 1.74 million earlier this week. This has surpassed the previous peak of 1.65 million that was set on May 12, 2021. This recent spike in ETH transactions also coincides with a notable rise in staked ether (ETH) as institutions and investors lock up their tokens for yield amid the reduced legal uncertainty.

Ethereum Transactions on The Rise

Recently, the SEC's Division of Corporation Finance declared that, under certain specific conditions, "staking receipt tokens" and some liquid staking operations do not qualify as securities under the 1933 Securities Act. More platforms will be able to safely provide liquid staking services as a result of this ruling, which is viewed as a positive step for the industry.

More than 36 million ETH, or about 30% of the total supply, are currently locked in staking contracts, according to data from Dune Analytics. Such strong involvement, according to analysts, lowers the supply of liquid assets available to sustain prices during bullish runs. ETH is now approaching $4,000, a level not seen since December, after rallying 163% from April’s low of $1,470.

Institutional interest is also playing a role. Publicly listed “crypto treasury companies” now collectively hold $11.77 billion worth of ETH. Leading holders include BitMine Immersion Technologies with 833,100 ETH ($3.2 billion), SharpLink Gaming with $2 billion, and The Ether Machine with $1.34 billion.

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Ethereum co-founder Vitalik Buterin welcomed the treasury trend in a recent Bankless podcast, calling it “good and valuable” for giving investors more options. However, he cautioned against excessive leverage, warning it could trigger cascading liquidations if mismanaged, a scenario reminiscent of past market crashes.

Confidence in ETH staking remains high, with over 500,000 ETH (worth about $1.8 billion) staked in the first half of June alone, according to CryptoQuant’s Onchainschool. Analysts say this reflects “rising confidence and a continued drop in liquid supply.” With regulatory clarity, institutional adoption, and a tightening supply, Ethereum is narrowing its performance gap with bitcoin and rival Solana (SOL). If current trends persist, market watchers believe ETH could soon test new price highs, supported by its most active network in history.