Ethereum Transactions Near 1.9M as Fees Fall Under $1
Ethereum transaction volume has surged to nearly 1.9 million daily for the first time since January 2024. The surge follows a 50% gas limit increase on Ethereum’s Layer 1 network, boosting block capacity and cutting congestion. As a result, transaction fees for DeFi protocols and stablecoin transfers have fallen below $1, driving on-chain activity.
Ether’s price rally past $4,200 has further fueled speculative trading on platforms like Uniswap, increasing swaps and stablecoin transfers. Data from Etherscan and Messari show USDT and USDC transactions rank among the top gas consumers.
Improved network scalability and lower fees are attracting institutional inflows amid clearer regulations. Although institutional impacts on transaction volume remain modest short-term, long-term support from corporates should strengthen ecosystem stability.
Developers are advancing Layer 2 integrations and solutions like PeerDAS to further enhance throughput. Overall, the combined capacity upgrades, favorable fee environment, and growing demand point to a sustained bullish trend in Ethereum transaction volume and network health.
Bullish
In the short term, the 50% gas limit increase and sub-$1 DeFi fees have directly driven higher Ethereum transaction volume, while Ether’s price rally above $4,200 sparked speculative activity on Uniswap and stablecoin transfers. These dynamics boost network usage and trader engagement. Over the long term, clearer regulations are drawing institutional inflows, and planned Layer 2 integrations like PeerDAS promise further scalability gains. Combined, these technical upgrades, favorable fee environment, and growing demand suggest continued bullish momentum for ETH trading and network health.