eCash's L1 blockchain processed 8.5 million transactions in the week ending July 10, according to Chainspect data cited in a network update. The figure represents an 88 percent increase in activity over the prior week.
The protocol's native token, XEC, trades at a $103 million market capitalization as of the report's timestamp. XEC reached an all-time high market cap of approximately $4.9 billion in 2021, before declining roughly 98 percent from that peak.
The seven-day activity increase marks a significant uptick for the eCash network in recent months, though the protocol remains substantially below its 2021 valuation levels. eCash is a fork of Bitcoin Cash that prioritizes privacy and scalability through its Avalanche consensus layer.
On-chain activity metrics are tracked by multiple analytics platforms including Chainspect, which aggregates transaction data across the network. XEC trades on major exchanges including Kraken and is tracked on CoinGecko.
