Ethereum has set a new on-chain milestone by recording 2.88 million transactions in a single day, the highest in its history. The headline figure signals accelerating usage, while the underlying data reveal a complex shift in how the network is being used and evaluated.
The surge follows the Fusaka and BPO updates, which improved efficiency and drove gas fees to historic lows. Average transaction costs have fallen to roughly $0.15, dramatically reducing the barrier to activity.
However, that success has introduced unintended consequences. Active accounts have climbed beyond one million, but on-chain analysis indicates that nearly 80% of recent growth stems from systemic noise, including address poisoning attempts and low-value dust transfers.
The data reveals a growing challenge for Ethereum as scalability improves: distinguishing meaningful economic activity from spam without undermining accessibility.
This evolution is changing how network health is measured. From 2026 and beyond, raw transaction volume is no longer a sufficient benchmark. Attention is shifting toward data quality, resilience against abuse, and the network’s ability to preserve high signal usage as costs fall.
So, Ethereum may have won the scaling race, but it now faces a parallel test in maintaining activity standards.
Meanwhile, roughly 30% of the total ETH supply is now staked, promoting Ethereum’s role in digital finance. With base staking yields compressing toward 2.84%, staking could become the go-to for risk-free rates in the crypto market.
This improvement has increased institutional interest in restaking, with protocols such as EigenLayer extending Ethereum’s security to additional services.
At the same time, Ethereum’s monetary value is shifting. With low fees limiting burn-driven scarcity, spot ETFs have absorbed more than $500 million in ETH over the past two weeks, outpacing new issuance. This institutional demand provides support, but also introduces sensitivity to macro flows.
From a market perspective, ETH dropped 7.11% to about $2,060 in the past 24 hours, amid a 29% weekly decline. ETH’s price is testing the $2,200 level as a critical pivot for preserving mid-term structure. Reclaiming it could open the path toward $2,500 and $3,000, while failure risks a deeper move toward $1,600.
Source: https://zycrypto.com/ethereum-shatters-all-time-record-with-2-88-million-transactions-recorded-in-a-single-day/
