Ethereum Network Activity Surges as Transaction Fees Fall to 17 Cents
Ethereum hit a record 2.2 million daily transactions while average fees dropped to just 17 cents.Summary
The Ethereum mainnet recently recorded a new milestone, processing 2.2 million transactions in a single day, with average fees dropping significantly to only 17 cents. This contrasts sharply with May 2022, when fees exceeded $200 per transaction. The decline in fees, despite rising usage, suggests a return to the Layer-1 blockchain, as high fees previously pushed users toward Layer-2 alternatives. Furthermore, developers are increasingly utilizing Ethereum as a settlement layer, evidenced by 8.7 million new smart contracts created in Q4. This activity surge is partly attributed to two major upgrades in 2025: Pectra, which focused on validator improvements, and Fusaka, which increased the gas limit from 45 million to 60 million to boost scalability and efficiency. Additionally, Ethereum's staking queue recently flipped the exit line, indicating more ETH is being staked than unstaked, signaling long-term confidence.
(Source：Cointelegraph)