Ethereum’s layer-1 network processed 203.9 million transactions in the second quarter of 2026, up 68.4% year over year, with average throughput reaching an all-time high of 25.9 transactions per second. The price has followed at a distance. Recent Ethereum news puts ETH at $2,474.27, down 1.5% over the past 24 hours.
What does this new data reveal? More transactions are moving through Ethereum’s base layer while fewer distinct participants are responsible for generating them. The gap suggests activity is increasingly driven by high-frequency users, protocols, automated systems, and infrastructure providers rather than a broadening retail base. A dynamic that complicates any bull case built purely on adoption metrics.
Ethereum Q2 2026 Report Token Terminal
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Latest Ethereum News: Fees, Staking, and Tokenization Records
The Q2 dataset extends beyond transaction counts. Onchain fees rose 31.6% to $52.5
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