The post Ethereum daily transactions spike to new record, while gas fees remain low appeared on BitcoinEthereumNews.com. Ethereum daily transactions spiked to aThe post Ethereum daily transactions spike to new record, while gas fees remain low appeared on BitcoinEthereumNews.com. Ethereum daily transactions spiked to a

Ethereum daily transactions spike to new record, while gas fees remain low

Ethereum daily transactions spiked to a new record, while gas fees remained close to all-time lows. After several upgrades, Ethereum demonstrates peak activity while also avoiding congestion and gas price spikes. 

Ethereum posted another intra-day transaction record, peaking at over 2.8M daily over the weekend. The chain also achieved record activity while gas fees maintained its lows. The heightened activity coincided with a price recovery for ETH, as the coin held above $3,200. 

Ethereum transactions spiked to a new all-time peak over the weekend, while not affecting gas prices. Users are returning as L1 Ethereum usage becomes highly affordable and comparable to other networks. | Source: Etherscan

The main network can now carry regular transactions priced at under $0.01, while specialized transfers only cost around $0.05. Ethereum activity has shifted, abandoning NFTs and some token-based activities, while retaining stablecoin transfers at a peak level. 

The recent Etherem activity reveals users are drawn to the EVM ecosystem and use the main network, as long as transactions are not too expensive. On the other hand, L2s slowed down and concentrated into a handful of top networks, with the easiest bridging to Ethereum. 

Ethereum concentrates economic activity again

Contrary to the fears that the L1 chain would only be used for utility, Ethereum continues to draw economic activity. The chain is in the top 3 based on app revenue, just behind Solana and BSC. Almost all other L1 and L2 chains have fallen away in the past months, as traders returned to ETH for the higher liquidity and easier access to centralized facilities. 

Ethereum apps produce $1.36M in fees daily, closing in on BNB Chain. The network is still far behind Solana, with $4.6M in app revenues. The low gas costs may also lead to further expansion of Ethereum-based DeFi.

Previously, some trades were not profitable due to gas costs, but the recent upgrades allow even retail traders to return to DEX activity, token swaps, lending, and other actions without a fear of outsized expenses.

Because fees are so low, Ethereum is also increasing its inherent inflation from block rewards. Over 18,600 ETH is produced each week, though for now, the extra coins are absorbed by staking deposits. 

The biggest number of transactions comes from ETH transfers, USDT, and USDC transfers, with the addition of several high-activity smart contracts. DEX activity remains elevated, especially through dedicated routers. 

Ethereum staking reaches peak levels since Dencun upgrade

Another sign of long-term confidence for Ethereum is the growing validator queue. 

Over 2.6M ETH are waiting to be deposited to the Beacon chain smart contract. The waiting time is near an all-time peak of over 45 days, the highest waiting period since the shift to proof-of-stake in 2021. 

The shift to staking comes from treasury companies and ETFs, reflecting the effect of Bitmine (BMNR), which is now in the process of staking its treasury.

The smartest crypto minds already read our newsletter. Want in? Join them.

Source: https://www.cryptopolitan.com/ethereum-daily-transactions-spike-to-record/

Market Opportunity
L1 Logo
L1 Price(L1)
$0.002585
$0.002585$0.002585
+1.65%
USD
L1 (L1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
BitcoinEthereumNews2025/09/18 08:42
Building a DEXScreener Clone: A Step-by-Step Guide

Building a DEXScreener Clone: A Step-by-Step Guide

DEX Screener is used by crypto traders who need access to on-chain data like trading volumes, liquidity, and token prices. This information allows them to analyze trends, monitor new listings, and make informed investment decisions. In this tutorial, I will build a DEXScreener clone from scratch, covering everything from the initial design to a functional app. We will use Streamlit, a Python framework for building full-stack apps.
Share
Hackernoon2025/09/18 15:05
LINK Price Prediction: Testing Critical Support at $11.70 as Bears Target $10.50

LINK Price Prediction: Testing Critical Support at $11.70 as Bears Target $10.50

The post LINK Price Prediction: Testing Critical Support at $11.70 as Bears Target $10.50 appeared on BitcoinEthereumNews.com. Tony Kim Jan 21, 2026 16:41 Chainlink
Share
BitcoinEthereumNews2026/01/22 07:47