Ethereum’s average daily transactions increased 14% over the past two weeks, rising from 1.8 million to 2.1 million. The figures come from open-source explorer Blockscout, which aggregates on-chain Ethereum data. The growth pushed daily activity beyond prior cycle records.
According to Blockscout, the rise reflects Ethereum’s modular scaling design. Key upgrades, including EIP-4844 and expanded blob capacity, allow Layer 2 networks to post data to the mainnet at a lower cost. As a result, bulk data moves off-chain while remaining verifiable.
Most transactions come from stablecoin transfers and payments. Dosh from Blockscout said Tether USDT handles about twice the transfer volume of Circle USDC. Low gas prices support this activity and align with broader payment integrations on Ethereum rails.