Ethereum's daily transaction count surpasses 2.88 million, reaching a new high, with ecosystem activity accelerating.

The Ethereum network has set a new record with 2.88 million transactions in a single day. This figure not only reflects a peak in on-chain activity but also signifies the genuine prosperity of the entire ecosystem. As ETH prices recently surged, the record-high on-chain transaction volume indicates that this market movement is not just driven by sentiment but is supported by real application demand.

Behind the Record High in On-Chain Activity

According to the latest news, the main drivers enabling the Ethereum network to reach 2.88 million transactions per day include:

• Continuous influx of new users, with a significant increase in first-time interaction addresses
• Active trading within the DeFi application ecosystem (Ondo Finance TVL surpassing $2 billion)
• Robust demand for stablecoin transactions
• Launch of new applications driven by ecosystem expansion (e.g., Uniswap deployed to X Layer)

These factors collectively pushed up Ethereum’s transaction count. Notably, the growth in new users indicates increasing attractiveness of Ethereum, which extends beyond investors to include actual application users.

Positive Feedback Loop Between Price and Activity

From the price performance perspective, ETH is currently valued at $3,319.79, with recent strong performance:

The price increase and the record-high on-chain transaction volume form a positive feedback loop. Higher trading activity attracts more participants, and the growing number of participants further boosts transaction counts. Currently, ETH’s market cap stands at $40.068 billion, with a market share of 12.43%, and 24-hour trading volume of $1.173 billion. These data points demonstrate that Ethereum’s market enthusiasm is on the rise.

Ecosystem Applications Truly Driving Transactions

Active DeFi Ecosystem

Related news shows that Ondo Finance’s TVL surpassed $2 billion this week, setting a new record, indicating that DeFi applications on Ethereum are attracting real funds. Trading volume of stablecoins on networks like XDC is also hitting new highs, reflecting genuine transaction demand.

Effects of Ecosystem Expansion

Uniswap’s official deployment to X Layer introduces mature DeFi infrastructure to this layer-2 network. Although such ecosystem expansion may seem like a diversion, it actually broadens the overall activity within the Ethereum ecosystem. User interactions across different chains ultimately settle back on Ethereum.

Noteworthy Details

From the perspective of on-chain whale activity, Ethereum treasury company BitMine recently purchased 24,068 ETH and continues to stake over 1.7 million ETH. Such institutional actions are often confirmations of market prospects. Meanwhile, some early participants are selling ETH, and this balance between bullish and bearish forces reflects a maturing market.

Summary

The record of 2.88 million transactions highlights the shift of Ethereum’s ecosystem from virtual to real activity. Growth in new users, active DeFi applications, and ecosystem expansion collectively drive this data. The price increase and on-chain activity form a positive feedback loop. If this virtuous cycle can be maintained, it will further elevate Ethereum’s market position. Moving forward, key points to watch include whether such high transaction volumes can be sustained over a longer period and whether ecosystem applications can continue to innovate and attract users.