Source: Criptonoticias
Original Title: Ethereum records its all-time high of processed transactions
Original Link:
All-time transaction record on Ethereum
Ethereum’s base layer processed nearly 2.9 million transactions on January 16, setting a new daily all-time high.
This record does not occur in isolation. Transactions on Ethereum have been increasing since December, a month in which the network reversed a streak of monthly declines that had been ongoing since August. This change in trend marked the beginning of a sustained recovery in on-chain activity, now solidified with a new all-time high.
The all-time daily transaction high on Ethereum becomes even more significant as it coincides with record levels of staking and an upward trend in the price of ether (ETH) since November 17, when it was around USD 2,600 and is now above USD 3,300.
In this context, a more actively used network reinforces the structural demand for the asset to pay fees, consolidates staking as a source of yield, and reduces the available liquid supply—factors that, combined, can help support the value of ether in the market.
Fees at historic lows alongside record activity
Alongside the all-time transaction high, the fees paid by users are at historic low levels.
This scenario lowers usage barriers for decentralized applications and end users, limiting cost pressures on those interacting with the base layer.
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Ethereum reaches all-time high in daily transactions with fees at a minimum
Source: Criptonoticias Original Title: Ethereum records its all-time high of processed transactions Original Link:
All-time transaction record on Ethereum
Ethereum’s base layer processed nearly 2.9 million transactions on January 16, setting a new daily all-time high.
This record does not occur in isolation. Transactions on Ethereum have been increasing since December, a month in which the network reversed a streak of monthly declines that had been ongoing since August. This change in trend marked the beginning of a sustained recovery in on-chain activity, now solidified with a new all-time high.
The all-time daily transaction high on Ethereum becomes even more significant as it coincides with record levels of staking and an upward trend in the price of ether (ETH) since November 17, when it was around USD 2,600 and is now above USD 3,300.
In this context, a more actively used network reinforces the structural demand for the asset to pay fees, consolidates staking as a source of yield, and reduces the available liquid supply—factors that, combined, can help support the value of ether in the market.
Fees at historic lows alongside record activity
Alongside the all-time transaction high, the fees paid by users are at historic low levels.
This scenario lowers usage barriers for decentralized applications and end users, limiting cost pressures on those interacting with the base layer.