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Ethereum usage hits record highs despite sharp drop in transaction fee revenue.

Protocol Fundamentals
21 Jun 2026
Cointribune
View Source
Neutral
Ethereum usage hits record highs despite sharp drop in transaction fee revenue.

Ethereum's network saw a surge in adoption with 13.2 million active users and an 81.5% year-on-year increase in transactions in Q1 2026. However, revenue from transaction fees fell by over 80% due to a strategic upgrade that lowered costs to encourage long-term growth. Despite the fee drop, Ethereum remains dominant in DeFi and tokenized assets, holding 71% of the top blockchain TVL and leading in decentralized exchange volume. Future upgrades aim to boost scalability to 10,000 transactions per second by 2029, betting on mass adoption over short-term token price gains.

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