On-chain active transaction indicators including Ethereum’s number of active wallets and transactions over $1,000,000 surged over the past 24 hours. Analysts have stated that Ethereum prices, like that of Bitcoin, have risen as a result of growing concerns over the US and Iran conflict.
According to crypto disclosure platform Xangle, there were 42,315 active wallets (wallets with at least one transaction record) in the last 24 hours, which is 59% more than the daily average over the past week.
Number of on-chain transactions and trading volume in the past 24 hours amounted to 636,785 and $270,288, which is 10% and 35% more than the daily average of the last seven days.
Transactions over $1,000,000 have also increased 76%, with 23 cases compared to 13 over the past week.