Ethereum experiences significant changes. The 7-day moving average trading volume has approached 2.5 million transactions, reaching a new all-time high—almost doubling compared to a year ago. Even more impressive, the average Gas fee has dropped to a historic low of about $0.15, with some Swap transaction fees as low as $0.04. All of this points to the same background: the 7th week after the Fusaka hard fork went live.

The data also reveals more details. Stablecoin transfers account for 35%-40% of the total Ethereum transaction volume, indicating that stablecoins have become an important tool for mainstream payment needs. Meanwhile, the amount of ETH staked has also hit a new record, with approximately 36 million ETH locked in staking contracts. These indicators intertwine to paint a picture of an ecosystem with increasing activity and participation.