Ethereum News Today: Ethereum Hits 1 Million Daily Transactions for 90 Straight Days

Ethereum has recorded over 1 million daily transactions for 90 consecutive days, marking a significant milestone in the blockchain’s ongoing development and adoption [1]. The consistent transaction volume highlights the platform's resilience and widespread use, even amid broader market volatility. This sustained on-chain activity reflects strong engagement from both developers and users, underscoring Ethereum’s role as a foundational layer for decentralized applications, DeFi protocols, and NFT platforms.

The network’s ability to maintain such a high level of throughput is attributed to a combination of factors. First, decentralized finance continues to drive activity, with TVL in Ethereum-based DeFi platforms showing substantial growth [2]. Users are increasingly interacting with lending, borrowing, and trading protocols that rely on Ethereum's smart contract infrastructure. Second, the proliferation of Layer 2 solutions, including Optimism and Arbitrum, has helped reduce transaction costs and increase scalability by processing transactions off-chain before committing them to the mainnet [3]. These solutions have enabled more users to participate in the Ethereum ecosystem without being deterred by high gas fees.

Additionally, the NFT and blockchain gaming sectors remain key contributors to Ethereum’s daily transaction volume. Despite criticism over gas costs, these sectors continue to drive engagement, particularly as creators and collectors leverage Ethereum's decentralized infrastructure for digital ownership and provenance tracking. The continued relevance of these use cases reinforces Ethereum’s position as more than just a payment layer, but rather a full-fledged platform for digital innovation.

Ethereum’s recent performance also coincides with its transition to a proof-of-stake consensus model, which has introduced features such as gas fee burning. This process, where a portion of transaction fees is burned, can reduce the total supply of ETH when network activity is high [1]. This dynamic has added a deflationary element to the token, contributing to its economic model and influencing investor sentiment.

Analysts have pointed out potential challenges, however. A Bitwise analyst highlighted that a large volume of ETH is queued for unstaking, which could introduce additional sell pressure to the market [4]. This reflects the ongoing liquidity dynamics within the Ethereum staking ecosystem and could influence short-term price movements. Despite this, the broader narrative remains positive, with Ethereum's ecosystem continuing to expand through ongoing upgrades and the introduction of new features such as The Verge and The Purge [3].

Institutional adoption is another key factor in Ethereum’s growing influence. Major firms have continued to accumulate ETH, with one organization now holding over 1.15 million tokens in its treasury [5]. This trend demonstrates a growing recognition of Ethereum’s value beyond speculative trading, with institutions treating it as a strategic asset for long-term use and investment.

Ethereum is currently trading near $4,740, with some analysts forecasting a potential rise to $7,500 or higher, subject to market conditions and regulatory developments such as the approval of new ETFs that may include staking yields [6]. These projections, however, remain speculative and contingent on external factors.

Overall, Ethereum’s achievement of maintaining over 1 million daily transactions for three months reflects the strength of its ecosystem and the ongoing demand for decentralized infrastructure. With continued upgrades and real-world use cases expanding, the platform is well-positioned to remain a core component of the blockchain landscape. The coming months will be critical in determining whether this sustained activity translates into broader adoption and price appreciation.

Source:

[1] AInvest (https://www.ainvest.com/news/cointelegraph-posted-eth-1m-transactions-day-3-months-2508/)

[2] Mitrade (https://www.mitrade.com/insights/news/live-news/article-3-1045481-20250816)

[3] The (https://www.fool.com/investing/2025/08/16/one-of-the-best-cryptocurrencies-to-buy-with-500/)

[4] Decrypt (https://decrypt.co/335549/billions-in-ethereum-waiting-to-be-unstaked-could-add-sell-pressure-to-eth-analyst)

[5] Mitrade (https://www.mitrade.com/au/insights/news/live-news/article-3-1045222-20250816)

[6] Investing.com (https://za.investing.com/news/technology-news/eth-price-on-path-to-7500-as-aave-fuels-defi-boom--remittix-still-the-top-lowcap-pick-3843229)