Ethereum's daily transaction volume has surged to an all-time high, with the seven-day moving average nearing 2.5 million transactions, according to a report by TheBlock. This marks a significant increase from the same period last year, nearly doubling the previous figures. Concurrently, Ethereum's gas fees have fallen to historic lows. The average gas fee is currently around $0.15, with Etherscan data indicating even lower fees for swap transactions, which averaged about $0.04 on Sunday. This reduction in transaction costs is contributing to the increased activity on the network.
Ethereum Transaction Volume Hits Record High as Gas Fees Plummet
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