Ethereum Shatters On-Chain Records: $135B DEX Volume, 48M TXs, $240B TVL – What’s Driving It?

Ethereum has recorded four-year highs in August, with $320B in transactions as fees have fallen; DEX volume $135B; TVL near $240B. U.S. ETFs have reached $30.17B (5.4% of market cap), led by BlackRock at $17.2B, with Fidelity at $3.7B and Bitwise at $3.2B.