Ethereum processed 1.4 million transactions on September 17, surpassing a peak from early January 2018. The network handled between 1.238 and 1.256 million daily transactions during January 3-11 of that year, with January 4 reaching 1.34 million according to Etherscan.
Ethereum's daily transaction count records new all-time high
Ethereum processed 1.4 million transactions on September 17, surpassing a peak from early January 2018. The network handled between 1.238 and 1.256 million daily transactions during January 3-11 of th
Key Points
- Ethereum processed 1.4 million transactions on September 17, surpassing a peak from early January 2018.
- The network handled between 1.238 and 1.256 million daily transactions during January 3-11 of th
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Over two years passed before the network climbed back to that level. February 10, 2020 marked the lowest point at 381,151 daily transactions. Activity remained muted through the intervening months before September's sharp rise.
Decentralized finance drove the recovery. The ICO boom of 2018 had created the original peak, but DeFi applications now dominate network usage. Over $9 billion has entered various protocols. Uniswap's UNI token debut in September amplified activity, pushing the network to its new high.
September 17 also set records for network congestion. Gas fees hit all-time highs. Ethereum's daily transaction volume in dollar terms exceeded Bitcoin's for the first time.
Ethereum trades 73% below its January 2018 all-time high of $1,438. Adoption metrics set new records while the token remains far below prior price levels.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
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