Ethereum Hits 2.2M Daily Transaction Record as Fees Drop to $0.17

The Ethereum network just hit a new record for daily activity on its mainnet. This week, the network processed 2.2 million transactions in a single day, according to the block explorer Etherscan.  At the same time, the average transaction fee dropped to about $0.17. This is a significant decline from the peak of over $200 in May 2022.

This signifies that millions of people and apps are now utilising Ethereum every day without being deterred by high costs. High fees in the past often prompted users to seek cheaper alternatives, such as Layer-2 solutions. Now, the rising number of transactions on Ethereum’s mainnet shows that more people are returning to the Layer-1 blockchain and actively using it.

Upgrades Boost Ethereum Efficiency

The layer 1 blockchain underwent two major upgrades in 2025, namely Pectra and Fusaka, which have made the network faster and more efficient. The Pectra upgrade, unveiled earlier this year, included EIPs aimed at improving Ethereum’s scalability. It increased blob capacity and made parts of the staking system more efficient. This reduced congestion and helped keep transaction fees low.

The Fusaka upgrade, which has now launched, further improved the network’s efficiency. It allows nodes to verify data more easily with Peer Data Availability Sampling and supports gradual increases in blob capacity through Blob Parameter-Only updates. This reduces network load and allows more transactions to proceed smoothly. Fusaka also made it easier to increase blob capacity over time without frequent major upgrades.

Together, these upgrades made Ethereum more efficient and scalable. The network can now support record activity while keeping costs low. As expected, this has made Ethereum more attractive for developers, users, and Layer-2 platforms.

Staking Demand Is Also Rising

In addition to strong network activity, Ethereum’s staking queue has recently shifted. For the first time in six months, more ETH is waiting to be staked than being withdrawn. This suggests growing confidence among holders, many of whom are locking up ETH to help secure the network and earn rewards.

All these records point to an Ethereum ecosystem that’s both active and affordable. This balance is important as blockchain technology continues to scale and attract users worldwide.