Ethereum is experiencing a compelling shift right now: transaction activity climbing while fees plummet. The numbers tell the story. Seven-day transaction average sits near 2.5 million, representing nearly double the year-over-year growth rate. Meanwhile, gas fees have collapsed to around $0.15 per transaction—the lowest recorded in Ethereum's modern operational history.

What's driving this sweet spot? For starters, stablecoins now account for roughly 35 to 40 percent of all transactions on the network, indicating massive adoption in payments and settlement use cases. The real game-changer though: Layer 2 solutions are becoming genuinely cheap. Post-Fusaka and with PeerDAS implementations rolling out, L2 transaction costs have dropped significantly. The result is a network becoming increasingly attractive for both high-volume users and everyday transactions.