Despite the price of Ethereum After a steady decline over the past few weeks, the major blockchains are currently experiencing a surge in adoption. Today, the number of transactions processed per second on networks has increased significantly, reaching unprecedented levels.
New throughput record for the Ethereum network
In a highly volatile cryptocurrency environment, the Ethereum network has just reached a new milestone in terms of usage and adoption. On-chain data shows that more transactions are now being performed on major blockchains, indicating renewed interest in the ETH ecosystem.
The Ethereum network has hit an all-time high in transactions per second (TPS). share The new TPS peak suggests that the ecosystem is shifting into a higher gear, with demand for smart contracts, rollups, and L2 all coming together to form a single upward push.
According to the data, more than 31,083 transactions are currently processed on the blockchain every second. Young expects this TPS to expand further in the short term due to upcoming ETH updates such as: face upgradePeerdas, ZKetherum, Blob Scaling, EIP-7928, and ZK. These significant updates demonstrate reduced latency.
Additionally, Young said the ether is scaling on an exponential curve. For a short period of time, Ethereum became nearly weightless, sharper and leaner, capable of handling anything needed for the upcoming surge of on-chain activity.
Ethereum trading It is also growing exponentially on a daily time frame, suggesting renewed demand and a resurgence of confidence. Leon Weidman, head of research at the Onchain Foundation, took a closer look at the ETH transaction numbers. reveal Approximately 30.69 million transactions across Ethereum’s mainnet and Layer 2 are processed per day.
Weidman emphasized that the chart has been trending upward for several months, and the indicator shows no signs of slowing down. This represents a more than 5x increase in daily activity from Q1 and consistent demand from PayFi, AI agents, and services. Decentralized Finance (DeFi).
All of this solidifies ETH as the fastest expanding ecosystem in the entire crypto sector. Spikes of this magnitude are noticeable in ETH’s on-chain environment and indicate that something deeper may be awakening.
Decrease in ETH transaction costs
While transactions are rapidly increasing, ethereum networkits transaction costs seem to have collapsed precipitously. in post According to Waidmann, the average transaction cost for Layer 1 was $0.17 per token transfer. Meanwhile, the average cost for Layer 2 was $0.0007 per token transfer.
With such low costs, the network now works cheaply at scale, with transfers worth a few cents being settled by most optimistic rollups. However, zkEVM L2 supports zkSync Era and line Still expensive compared to optimistic peers.
Featured image from Getty Images, chart from Tradingview.com
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