Record Transaction Volume

Ethereum has achieved a major milestone with daily transactions hitting a new high of 2.3 million. This marks the highest level of on-chain activity for the network to date. Ethereum’s steady increase in transaction volume began in 2023, and the trend shows no signs of slowing.

The surge is evident in recent data, with activity steadily rising throughout 2025 and into early 2026. This growth highlights the network’s sustained popularity and increasing demand for decentralized applications (dApps) and other Ethereum-based services.

Ethereum’s success in maintaining high daily transaction levels further solidifies its position as one of the most widely used blockchain networks globally. As more users and developers adopt Ethereum for various applications, the platform continues to expand its role in the broader cryptocurrency and blockchain ecosystem.

Price Surge and Market Optimism

Ethereum’s price has followed the rise in transaction activity, climbing 14% in early 2026. The price briefly reached the $3,400 mark, a significant increase from previous months.

This price surge marks Ethereum’s first time reaching this level since November 2025. In the past 24 hours, the ETH price rose by 5%, adding to a 10% increase from the previous week.

With some forecasting that Ethereum will reach $4,000 by the end of January 2026, the positive market sentiment surrounding Ethereum is largely attributed to the network’s increased activity and investor confidence in its future growth. This price breakout above long-term resistance levels indicates the possibility of further gains.