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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
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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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