Ethereum has shown an "counterintuitive signal": transactions have surged, yet fees haven't increased.
Data shows that ETH's daily transaction volume peaked at a historical high of 2.88 million,
but the average Gas fee on the mainnet has remained low.
This isn't due to lack of demand, but rather a more significant change is underway👇
🚀 Positive aspects:
High throughput + low fees indicate that the Layer 2 scaling solution is truly starting to take effect.
Usage is rising, yet the mainnet remains stable, and the network's maturity has significantly improved.
Ethereum is transforming from a “universal application chain” to a neutral settlement layer + coordination layer.
The architecture is increasingly resembling traditional finance:
👉 The underlying layer is responsible for security and final settlement.
👉 The upper layer is responsible for innovation and complex execution.
This step is a long-term plus for institutions, stablecoins, and real assets on-chain.
⚠️ However, problems cannot be overlooked:
Recently, the transaction volume may have been mixed with a lot of
❌ Address poisoning
❌ Low-value wash trading
❌ Adversarial behavior within stablecoins
Looking solely at “transaction count” no longer equates to real economic activity.
🧠 My core viewpoint:
This round for Ethereum is not about being “overheated,” but rather about becoming “stable.”
This is a good thing for the ecosystem, but for the price,
it tests patience rather than emotions.
What truly matters is not how large the transaction volume is,
but rather:
➡ How much real capital is there
➡ How many long-term applications exist
➡ How much settlement demand is settled in ETH
In summary:
ETH is evolving from a “lively application platform” to a “quiet but crucial financial foundation.”
Such assets often rise slowly but travel far.
#ETH走势分析 #ZKC #ENSO #AVNT #AUCTİON $AXL $MIRA $INIT