$NEIRO Ethereum network usage — with transaction counts hitting all‑time highs while gas fees have plunged to multi‑year lows:
📊 Record Activity on Ethereum
Ethereum is processing more transactions than ever before — with the seven‑day moving average approaching about 2.5 million daily transactions, nearly double year‑ago levels. This marks a new peak in on‑chain activity.
Even single‑day metrics have shown major milestones, such as more than 2.2 million transactions on December 30, 2025.
💸 Fees at Multi‑Year Lows
At the same time, average gas fees have plunged sharply, now hovering around $0.15 per transaction — the lowest levels seen in recent Ethereum history.
Some common actions like simple token swaps have even been estimated as low as ~$0.04.
🛠️ What’s Driving This
The unusual combination of rising throughput and falling costs stems largely from technical upgrades and ecosystem shifts:
Protocol improvements such as the Fusaka hard fork and increases in the block gas limit have expanded capacity and reduced the cost of posting data.
A growing share of activity is settling via Layer‑2 solutions, easing congestion on the base layer and spreading transaction load more efficiently.
Stablecoins account for a large portion of this volume, now a significant share of overall transactions on the network.
📌 Why It Matters
This trend suggests broader adoption and stronger utility for Ethereum’s blockchain — especially as it supports DeFi, stablecoin transfers, NFTs and other on‑chain activity without pricing out smaller users with high fees.
