Ethereum hits a new all-time high: over 1.87 million transactions on the 7th day, on-chain activity sees another surge

RektRecovery · 2026-01-02T10:46:11+00:00

Recently, Ethereum network activity has significantly increased, with the 7-day moving average of transaction counts reaching 1.87 million, a new all-time high. The number of active addresses has reached 728,904, and the number of new addresses has seen the largest daily average growth since 2018, mainly due to network upgrades reducing Gas fees and the introduction of emerging products like ETFs attracting traditional institutions to enter the market.

RektRecovery

2026-01-02 10:46:11

Abstract generation in progress

【Blockchain Rhythm】The Ethereum network has recently sparked a new wave of activity. Data shows that by the end of the year, the 7-day moving average of Ethereum transactions reached 1.87 million, setting a new record. This achievement not only far exceeds the 1.61 million peak during the 2021 NFT and DeFi boom but also clearly surpasses the recent high of 1.73 million.

On-chain activity has fully heated up. The number of active addresses reached a new high of 728,904, the highest since May 2021. Even more impressive is the number of new addresses added in a single day, reaching 270,160, the largest daily growth since early 2018.

What is behind this wave of activity? Industry analysts believe it mainly results from several combined factors. On one hand, the upgrades and optimizations to the Ethereum network have significantly reduced Gas fees and increased system throughput. On the other hand, the launch of ETFs and the rise of real-world asset (RWA) tokenization have attracted a large influx of traditional institutions onto the chain. This structural improvement is bringing genuine user growth and activity prosperity to the Ethereum ecosystem.

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SatoshiChallenger

· 01-05 06:28

The data shows 1.87 million transactions? Interestingly, why did the 2021 boom cool down? Lessons from history. Another "new all-time high," I bet it won't be long before it's not anymore [cold laugh]. Objectively speaking, lower Gas fees = bubble cycle starting, this logic is quite interesting. New addresses skyrocketing? Ironically, this data also appeared in 2017, and then what? I'm not trying to be difficult, but anyone who saw that liquidation wave should be cautious.

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CryingOldWallet

· 01-04 23:10

1.87 million transactions? This time it's really taking off, unlike those false starts before.

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MoonBoi42

· 01-04 10:26

1.87 million transactions? No way, that number is outrageous. It feels like the crypto market is about to take off again. --- Gas fees have really become much cheaper. Finally, I can interact freely without worrying about my wallet. --- 27,000 new addresses? That's pretty aggressive. Is this a new wave of new investors jumping in? --- Probably just hype again, it feels like they say that every time. --- I haven't quite understood the RWA part yet. Can any expert explain? --- A new all-time high is just that—an all-time high. Will this be another rally for altcoins? --- The ETF launch really gave a boost. Now institutions are starting to get involved. --- Activity levels are off the charts. Can trading volume and risk really be proportional? --- Feels a bit too hot now. Should we cool down?

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MemecoinTrader

· 01-02 11:15

yo 187M transactions hitting different... but ngl the real alpha is watching how many of these are just wash trading lmao. sentiment manipulation at its finest rn tbh

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ChainWallflower

· 01-02 11:11

Damn, is this data real? 1.87 million transactions just took off --- Gas fees are really much cheaper now, finally no need to worry about high transaction fees for sending tokens --- Is this another remake of the NFT boom? How long can it last this time? --- The number of new addresses has surged again, feels like another wave of new retail investors is coming haha --- ETF combined with RWA, no wonder the on-chain activity is so lively, real institutions are here --- The pump data is still the same old story, let's see if it can hold up later --- I was so scared I quickly checked my wallet, sure enough, still that few tokens --- Is this a bottom rebound or the start of a new cycle? I really can't understand it --- When gas prices drop, people start to get active, it indeed follows the pattern --- 728,904 active addresses, what does that mean? Haven't figured it out yet --- It's really outrageous, since 2018, there haven't been this many new addresses before

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OnChainDetective

· 01-02 10:59

wait hold up... 270k new addresses in a single day? that's either massive organic adoption or someone's running a serious wallet clustering operation. gotta dig into these tx patterns before celebrating lol

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GateUser-e19e9c10

· 01-02 10:48

1.87 million transactions? Is this data real? It feels like another round of hype. --- Gas fees have really dropped a lot, but transaction fees are still ridiculously high. --- The number of new addresses has surged dramatically. How many of these are just bots exploiting the system? --- The ETF launch definitely brought some excitement, but it's hard to say how long it will last. --- Reaching a new all-time high again, and every time they say the same... --- Seeing the number of transactions soar, but my assets are still in loss. What's going on? --- Is RWA really that attractive? It always feels like a new trick to trap retail investors. --- There are over 700,000 active addresses, but the true long-term holders are still those old-timers. --- No hype, no negativity—this time the data is indeed quite impressive.

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EntryPositionAnalyst

· 01-02 10:46

1.87 million transactions? Come on, that number looks intimidating, but we need to see how many are generated by bots. Lower gas fees are indeed satisfying, but does the RWA sector really have any imagination? Both ETFs and RWA again, it feels a bit like just making up stories. New highs every day, but why does it seem like no one is making money? Whether this wave of activity will last is the real key. Finally, after so much hype, is there any real substance? Wait, with so many active addresses, why hasn't the trading depth kept up? Since 2018, I've seen too many new highs... Are Morgan Stanley's old friends back again?

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