The number of Ethereum transactions exceeded 3.61 million on April 12, setting a record high

On April 20, according to CryptoOnchain, the number of Ethereum transactions hit a record high, exceeding 3.61 million on April 12. While trading volume surged, the currency price retreated from US$4700 to the US$2000 - 2400 range. The price trend shows a clear deviation from the Internet usage data, which is a strong fundamental signal. Retail investors 'enthusiasm for speculation has cooled, but the actual use of blockchain (second-layer network smart contracts) has soared. From historical experience, fundamental growth far exceeds price performance, which often means that it is currently in the stage of high-quality undervaluation layout.