Ethereum Transactions Near 1.9M As Fees Fall Under $1
Ethereum transaction volume don burst reach almost 1.9 million daily for di first time since January 2024. Dis surge follow after dem increase Ethereum Layer 1 network gas limit by 50%, wey boost block capacity and reduce congestion. As result, transaction fees for DeFi protocols and stablecoin transfers don fall below $1, wey dey drive on-chain activity. Ether price rally pass $4,200 don further fuel speculative trading for platforms like Uniswap, increase swaps and stablecoin transfers. Data from Etherscan and Messari show say USDT and USDC transactions dey among top gas consumers. Improved network scalability and lower fees dey attract institutional inflows as regulation dey clearer. Although institutional impact on transaction volume still small short-term, long-term support from corporates go strengthen ecosystem stability. Developers dey push Layer 2 integrations and solutions like PeerDAS to improve throughput. Overall, capacity upgrades, better fee environment, and growing demand mean say Ethereum transaction volume and network health go continue to dey on steady upward trend.
Bullish
For short term, di 50% gas limit increase and sub-$1 DeFi fees don directly drive higher Ethereum transaction volume, while Ether price rally pass $4,200 spark speculative activity on Uniswap and stablecoin transfers. These dynamics dey boost network use and trader engagement. For long term, clearer regulations dey draw institutional inflows, and planned Layer 2 integrations like PeerDAS promise further scalability gains. Together, these technical upgrades, favorable fee environment, and growing demand mean say ETH trading and network health fit continue get bullish momentum.