Ethereum daily transactions surge to all-time high as gas fees fall to record lows

The Ethereum ecosystem is currently demonstrating an unprecedented scaling milestone, recording an all-time high in total daily transactions across its Layer 1 (L1) and Layer 2 (L2) networks. This massive surge in activity, however, has coincided paradoxically with a dramatic fall in average transaction gas fees, signaling the successful implementation of Ethereum’s rollup-centric roadmap.

Total daily transactions have recently breached historical records, largely driven by soaring activity on major L2 scaling solutions such as Arbitrum, Optimism, zkSync Era, and Base. These rollups now handle the vast majority of user interactions, executing transactions off-chain before batching them and submitting them back to the Ethereum mainnet as highly condensed bundles of data (calldata).

This architecture has effectively de-congested the L1 blockchain. As competition for limited block space on the mainnet decreases, the average gas price paid by users—even those transacting directly on L1—has plummeted to levels not seen in years. Data indicates that the average transaction cost has dropped significantly, with fees settling at record lows measured in Gwei, making activities like NFT minting, swapping, and staking substantially more accessible to a broader user base.

The simultaneous achievement of peak transaction volume and record-low fees validates the core scaling strategy adopted by the Ethereum community. This trend confirms the network’s ability to handle massive global demand while maintaining affordability, successfully transitioning Ethereum into a high-throughput, sustainable global settlement layer.

Source: Ethereum daily transactions surge to all-time high as gas fees fall to record lows