Ethereum daily transactions surge to all-time high as gas fees fall to record lows
Ethereum hit record daily transactions while average gas fees dropped to historic lows, driven by protocol upgrades and stablecoin adoption.Summary
Ethereum is currently experiencing a record surge in daily transactions, nearing 2.5 million on a seven-day moving average, while simultaneously seeing average gas fees fall to historic lows around $0.15 or even $0.04 for swaps. This unusual combination of peak activity and low cost is attributed to recent protocol upgrades, specifically the Fusaka hard fork which introduced PeerDAS and reduced data costs for Layer 2 rollups, alongside an increase in mainnet block gas limits. Furthermore, stablecoin usage is driving transaction volume, accounting for 35% to 40% of all Ethereum transactions, leading analysts to declare 2026 "the year of Ethereum." Staking activity has also reached new highs, with over 36 million ETH staked.
(Source：The Block)