Ethereum L1 txs hit 2.2M in a day, and each one cost around 17 cents

The Ethereum mainnet clocked 2.2 cardinal transactions successful a azygous time successful a caller grounds this week, portion fees person fallen to conscionable 17 cents connected average.

The layer-1 blockchain recorded its caller transaction milestone connected Tuseday, according to artifact explorer Etherscan.  Transaction fees person besides dropped considerably implicit time. 

The highest transaction fees connected Ethereum were recorded successful May 2022, erstwhile users had to walk implicit $200 per transaction.

However, continued upgrades has dropped fees considerably, contempt continued maturation of the network’s usage.  

Fees person besides been connected the diminution since Oct.10, erstwhile they were astir $8.48, during the important liquidation lawsuit that saw the full marketplace bleed.

Ethereum transaction fees person dropped considerably implicit time. Source: Etherscan

Higher Ethereum fees person historically pushed users to cheaper alternatives specified arsenic furniture 2s, but the increasing transactions connected the mainnet bespeak a instrumentality to the furniture 1 blockchain and rising usage among crypto users.

Meanwhile, developers are progressively choosing Ethereum arsenic a colony layer, with information from Token Terminal showing the fig of caller astute contracts created and published connected the Ethereum blockchain reached a precocious of 8.7 cardinal successful the 4th quarter.

Two large upgrades for Ethereum successful 2025

The Ethereum blockchain underwent important changes successful 2025, with 2 upgrades that apt contributed to the spike successful transactions and driblet successful fees.

Related: BitMine bags $98M successful ETH arsenic year-end selling caps gains: Tom Lee

Pectra successful May focused connected validator improvements, staking flexibility, and preparing Ethereum for aboriginal scalability features.

Fusaka accrued the state bounds from 45 cardinal to 60 cardinal and was besides designed to importantly boost scalability, information handling, and web efficiency. In February, implicit 50% of Ethereum validators signalled enactment for raising the network’s state limit, expanding the maximum magnitude of state that tin beryllium utilized for transactions successful a azygous Ethereum block. 

Meanwhile, Ethereum’s staking queue flipped the exit enactment for the archetypal time successful six months connected Monday, with astir doubly arsenic overmuch ETH present lined up to beryllium staked arsenic ETH trying to permission the network.

Unstaking is often seen arsenic a motion that validators are looking to escaped up Ether for sale, portion staking is seen arsenic a motion of assurance to fastener it up for semipermanent holding.

Magazine: Pectra hard fork explained — Will it get Ethereum backmost connected track?