Ethereum Daily Transactions Break 4-Year Range — Now Exceeding 1.6 Million

Ethereum has recently shattered a long-standing ceiling in its activity metrics: over the past four years, daily transaction counts largely remained between 900,000 and 1.2 million, but now the network is consistently registering 1.6 to 1.7 million transactions per day. This marks a clear shift in on-chain behavior and signals deeper network utility beyond trading.

Drivers of the Surge

Analysts applying a 14-day simple moving average to smooth market noise note that the jump into the 1.6–1.7 million zone represents a distinct break from prior patterns.

The growth is not solely driven by token swaps. Underlying demand from DeFi protocols, stablecoin transfers, smart contract operations, NFT minting, and rollup settlement activity contributes substantially to the increased transaction load.

Etherscan data corroborates this trend, showing sustained higher throughput levels than in past years.

Even during periods of negative sentiment (such as late March), daily averages already hovered around 1.2 million, hinting at gradual buildup toward the current breakout.

Reports from IntoTheBlock highlight rising gas usage on Ethereum’s mainnet as a sign of more intense smart contract interaction. Simultaneously, stablecoin flow data points to accelerating transfer volume.

Meanwhile, NFT marketplace metrics from CryptoSlam reflect an uptick in activity, further supporting the broader transactional rise.

Implications & Outlook

This breakout has multiple implications for Ethereum’s narrative and market outlook:

Fundamental Support
A sustained increase in on-chain activity reinforces Ethereum’s value proposition: real usage and infrastructure demand, not merely speculative trading.

Institutional Interest
Amid this surge, institutional appetite appears to be growing. Some reports indicate digital asset treasuries now hold about 4% of ETH’s circulating supply, outpacing their Bitcoin holdings (≈ 3%).

Technical & Market Sentiment
The stronger on-chain data has bolstered price momentum. Analysts are now speculating higher targets with bullish threading through ascending channels. Key resistance zones under watch include USD 4,350 and USD 4,790, which may act as pivotal battlefronts for the next leg up.

Narrative Shift
Ethereum is increasingly seen not just as a token rail but as a core platform for decentralized infrastructure — bridging DeFi, NFTs, rollups, and broader web3 activity.

Sources: CryptoPotato, Etherscan, CryptoQuant, IntoTheBlock, CryptoSlam
Author: Brian LECLERE