Key Metrics Reach All-Time Peaks
- •Ethereum L1 transactions have reached an all-time high.
- •Active addresses on the network have also hit peak levels.
- •Gas fees have remained surprisingly low despite the surge in activity.
Ethereum Layer 1 (L1) has reached a new milestone. According to data from Token Terminal, the number of transactions and active addresses on Ethereum L1 has climbed to all-time highs. This marks a significant moment for the Ethereum network, which continues to dominate the smart contract and decentralized finance (DeFi) landscape.
More users are interacting with Ethereum than ever before. From DeFi protocols to NFT platforms and Layer 2 solutions bridging back to L1, activity on the Ethereum base layer is thriving. Yet, what’s even more surprising is that this record-setting activity isn’t driving up gas fees — a major pain point in previous bull cycles.
Gas Fees Stay Near Record Lows
Historically, high usage on Ethereum has led to congestion and soaring transaction fees. But not this time. Despite reaching peak levels in both transactions and user addresses, gas fees remain near historic lows.
This is likely due to several contributing factors. First, Ethereum’s transition to Proof of Stake (PoS) has increased efficiency. Second, the rise of Layer 2 scaling solutions like Arbitrum, Optimism, and Base has helped offload much of the traffic from Ethereum L1, keeping costs manageable even when L1 usage surges.
NOW: Ethereum L1 transactions and active addresses hit all-time highs while gas fees remain near all-time lows, per Token Terminal. pic.twitter.com/IfJaecZ9sV
— Cointelegraph (@Cointelegraph) October 30, 2025
Implications for Ethereum’s Future
This moment could represent a turning point. High on-chain activity with low fees is exactly the combination Ethereum developers and users have hoped for. It signals a maturing ecosystem that’s capable of handling scale without compromising user experience.
With gas prices under control and adoption on the rise, Ethereum may be positioning itself as a more sustainable and user-friendly platform — not just for developers and institutions, but also for everyday users entering the crypto space.