Ethereum network transactions rose to a record high as levels of staked ether (ETH) climbed to a record high, lifted by a regulatory boost for liquid staking.

The seven-day average of daily transactions on the blockchain touched 1.74 million earlier this week, overtaking the previous record of 1.65 million set on May 12, 2021.

The activity surge comes as the Securities and Exchange Commission’s Division of Corporation Finance said certain liquid staking activities and “staking receipt tokens” do not constitute securities under the 1933 Securities Act, provided they meet a strict set of assumptions.

Such a stance is bullish. It reduces legal uncertainty, making it safer for institutions and platforms to offer liquid staking products. That can boost demand for staked tokens like ETH, lock

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