- The Ethereum transactions per day increased to 1.6 and 1.7 million, an unprecedented level recorded on the network in the last four years.
- The growth of DeFi keeps growing Ethereum, and the more DeFi is used, the more likely the network to become a centralized platform of the decentralized financial application.
- The activity of Ethereum is significantly correlated with the fluctuation of ETH prices, as increasing transactions are associated with improving the market performance and re-emerging interest on the part of investors
Ethereum activity is witnessing record-breaking momentum as daily transactions soar to unprecedented highs. The network has crossed 1.6–1.7 million daily transactions, marking the strongest activity levels ever observed on Ethereum.
Ethereum Network Breaks Transaction Range
According to on-chain data, Ethereum’s transaction activity has moved beyond a multi-year consolidation phase. For nearly four years, daily transactions stayed within a range of 900,000 to 1.2 million. This level was tracked using a 14-day simple moving average to reduce market noise.
Darkfost, a market analyst sharing insights on CryptoQuant, noted that Ethereum has successfully broken out of this band. “Today, we are hitting 1.6–1.7M, marking the highest levels ever recorded on Ethereum,” he stated. This breakout reflects a rapid expansion in usage across the network.
The development follows a steady upward shift observed during previous corrections. Even in late March, amid market concerns and widespread uncertainty, Ethereum daily averages stood above 1.2 million. That figure remained higher compared to January 2023, when transactions barely reached one million.
DeFi Expansion Fuels Ethereum’s Growth
The surge in Ethereum activity is closely tied to the growth of decentralized finance. DeFi protocols continue to expand, and Ethereum remains the central hub supporting this growth. This demand has driven both transaction counts and broader network usage higher.
Darkfost emphasized that Ethereum’s role within DeFi ecosystems is strengthening. He pointed out that network expansion is fueling greater transaction throughput, helping Ethereum set new historical benchmarks in activity. The growth is also considered to be an extension of Ethereum into the digital finance infrastructure.
The continued growth indicates the magnitude with which Ethereum-based applications are receiving new entrants. The increasing user base has translated into consistent transaction demand, pushing the network to new activity milestones.
Correlation Between Activity and ETH Price
The surge in network activity also presents an observable correlation with Ethereum’s market price. Historically, higher activity levels have accompanied periods of upward price performance. This relationship has become clearer as transaction volumes reached new highs.
Darkfost remarked that many overlook direct transaction data when evaluating Ethereum’s market strength. “Many talk, but few look at the data. Yet, that’s where the truth lies,” he noted. Those tracking network activity have seen Ethereum’s market resilience reflected in price behavior.
With Ethereum activity now at 1.6–1.7 million daily transactions, the relationship between usage and value remains evident. Observers continue monitoring whether this elevated activity sustains momentum and supports Ethereum’s broader market trajectory.
