Thursday, January 29, 2026

Ethereum Daily Transactions Reach All-Time High of 2.2 Million

Ethereum network sets record with 2.2 million daily transactions.

The network of the second-largest cryptocurrency by market capitalization has set a new record: 2.2 million transactions processed in a single day.

Daily number of transactions in Ethereum
Source: Etherscan.

The cost of Ethereum transactions has dropped to historic lows, averaging just $0.17 compared to over $200 during peak values in 2022. This remarkable decrease in transaction fees can be attributed to successive blockchain updates and optimizations aimed at enhancing network efficiency.

Key changes include the transition to the Proof-of-Stake model, alongside the fee-burning mechanism introduced under EIP-1559. These developments have played critical roles in maintaining the network’s cost-effectiveness.

Additionally, upgrades such as Pectra and Fusaka, implemented in 2025, have optimized validator infrastructure and increased staking flexibility. Pectra specifically focused on improving these aspects, while Fusaka increased the network’s base throughput by 33%, raising the gas limit from 45 to 60 million per block.

This improved technical efficiency has not only lowered costs but has also attracted significant investor interest. Analysts at Artemis recognized Ethereum as the leader in net fund inflows for 2025, amassing an impressive $4.2 billion.

Developer Popularity

In the fourth quarter of 2025, the number of new smart contracts on Ethereum surged to an all-time high of 8.7 million, according to data from Token Terminal. This unprecedented level of activity reflects the network’s dynamic growth and appeal among developers.

Analysts attribute this growth to the organic development within three areas: Real World Assets (RWA), stablecoin activity, and improvements in fundamental infrastructure. This trifecta has solidified Ethereum’s position as a mainstay in the cryptocurrency landscape.

“Ethereum is quietly becoming a global settlement layer,” experts emphasized.

Maintaining its lead in the tokenization sector, Ethereum accounts for $12 billion of the total market value of $19 billion. This dominance speaks to Ethereum’s expansive influence and utility, further fueled by its robust ecosystem.

Stablecoin market on Ethereum
Source: RWA.xyz.

In addition to its advancements, Ethereum ranks first in the stablecoin market, boasting a share in total circulating volumes that exceeds $167 billion according to DeFi Llama. The ecosystem’s ability to adapt and evolve continues to bolster its reputation.

As the year closes, reports indicate that the queue for Ethereum staking has doubled the number of withdrawal requests, illustrating the growing interest and commitment of investors in this blockchain ecosystem.

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