Ethereum has shown an "counterintuitive signal": transactions have surged, yet fees haven't increased.

Data shows that ETH's daily transaction volume peaked at a historical high of 2.88 million,

but the average Gas fee on the mainnet has remained low.

This isn't due to lack of demand, but rather a more significant change is underway👇

🚀 Positive aspects:

High throughput + low fees indicate that the Layer 2 scaling solution is truly starting to take effect.

Usage is rising, yet the mainnet remains stable, and the network's maturity has significantly improved.

Ethereum is transforming from a “universal application chain” to a neutral settlement layer + coordination layer.

The architecture is increasingly resembling traditional finance:

👉 The underlying layer is responsible for security and final settlement.

👉 The upper layer is responsible for innovation and complex execution.

This step is a long-term plus for institutions, stablecoins, and real assets on-chain.

⚠️ However, problems cannot be overlooked:

Recently, the transaction volume may have been mixed with a lot of

❌ Address poisoning

❌ Low-value wash trading

❌ Adversarial behavior within stablecoins

Looking solely at “transaction count” no longer equates to real economic activity.

🧠 My core viewpoint:

This round for Ethereum is not about being “overheated,” but rather about becoming “stable.”

This is a good thing for the ecosystem, but for the price,

it tests patience rather than emotions.

What truly matters is not how large the transaction volume is,

but rather:

➡ How much real capital is there

➡ How many long-term applications exist

➡ How much settlement demand is settled in ETH

In summary:

ETH is evolving from a “lively application platform” to a “quiet but crucial financial foundation.”

Such assets often rise slowly but travel far. #ETH走势分析 #ZKC #ENSO #AVNT #AUCTİON $AXL $MIRA $INIT