August 2021 sees the highest Ethereum on-chain trading volumes since the start of the year.
In the world of cryptocurrencies, August 2025 has proven to be a significant month, with Ethereum (ETH) taking centre stage.
Reports suggest that despite a small dip, whales are still buying substantial amounts of ETH. This trend indicates a positive sentiment among large investors towards the second-largest cryptocurrency by market capitalization.
Ethereum's traffic has returned to levels not seen since 2021, a clear sign of increased activity on the network. This resurgence is reflected in the on-chain volumes, which reached the highest level for 2025 in the past month. The Ethereum network moved over $14B on a weekly basis in August, showcasing robust on-chain activity.
Moreover, Ethereum held above $4,300 in August, and the monthly transactions reached over 46.9M transfers as of August 29, breaking the peak from May 2021. This surge in transactions suggests a growing adoption and use of Ethereum for various purposes.
Santander's Openbank has rolled out Bitcoin, Ether, and more for European users, further expanding the reach of these cryptocurrencies. Meanwhile, XRP and Dogecoin ETFs are set to launch this week, potentially increasing the liquidity and accessibility of these assets.
However, ETH is still facing disparate price pressures, and there may be additional downside, as most of the liquidity is deployed below current prices. This suggests that while the activity on the Ethereum network is strong, the price may not reflect the full value of the network's activity.
Elsewhere in the crypto world, Pantera Capital has backed Solana with a $1.1B bet, eyes $750K Bitcoin. Meanwhile, Monero double-spending threat has grown after a block reorganization, raising concerns about the security of privacy-focused cryptocurrencies.
Outside the realm of cryptocurrencies, Nvidia's stock has crashed by 3% as China accuses it of breaching anti-monopoly law, and BYD stock lost $45 billion in value amid rising doubts over China's EV dominance.
Intriguingly, Larry Ellison's companies include OpenAI, Paramount, Warner Bros., and TikTok, indicating a diverse portfolio that extends beyond the tech and crypto industries.
One user lost $1M USDC to a MEV bot after a mistaken transaction, highlighting the importance of understanding the complexities of decentralized finance (DeFi) platforms.
Finally, Pi Network begins its final Testnet1 upgrade ahead of the mainnet transition, and BlockchainFX ($BFX) is ranked as one of the best crypto presales to buy now.
As we move forward, it will be interesting to see how these developments shape the cryptocurrency market in the coming months.
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