Binance’s ETH Wallet Records Over 700k Daily Transactions

Ethereum recorded one of the biggest day for daily transactions with Binance hot wallet’s 710k transactions on 13th September.

The largest crypto exchange, Binance has seen immense activity on one of its Ethereum hot wallet on September 13. The wallet recorded over 700k daily transactions, the second highest in its history.

The wallet address, defined as Binance 14 on Etherscan, processed a massive sum of 710k transactions in 24 hours.

According to Etherscan data, the wallet had over 702k unique incoming addresses. It set the second most daily transactions record for address after its highest ever 959k daily transactions on 9 December.

With this massive user influx, Binance exchange’s hot wallet contributed to Ethereum network in having one of the largest daily transactions output.

The day also became the second largest daily transactions processor for Ethereum since the network’s record breaking 1.9M transactions on December 9.

Also read: Paxos Takes Responsibility for $500K Bitcoin Transaction Fee

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