Bitcoin demonstrated its resilience over time. Now, Ethereum is demonstrating true scalability. ⚙️
Ethereum’s on-chain activity has just reached a new milestone. Daily transactions are at an all-time high, even surpassing the peaks seen during the 2021 DeFi and NFT cycle. The 7-day moving average recently hit ~1.87M transactions, clearly breaking the previous record.
What stands out even more is user growth. Active wallets climbed to roughly 729K, while new wallet creation surged past 270K in a single day — the strongest inflow of new addresses since 2018. Notably, this increase in usage hasn’t caused a spike in fees, which have remained relatively stable despite the higher load.
Unlike past cycles driven by speculation, this expansion is fueled by concrete fundamentals. Network upgrades, institutional adoption, stablecoin usage, real-world assets (RWAs), and ETF-related flows are driving sustainable demand on Ethereum’s base layer.
All signs point to Ethereum steadily reinforcing its position as the backbone settlement layer for the digital economy — quietly, but decisively. 🚀
