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Ethereum hits record 18.7M weekly transactions with fees dropping to $0.008, yet ETH price stays below $2,400.

Protocol Fundamentals
29 Jul 2026
Crypto Briefing
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Neutral
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Ethereum reached a new all-time high of 18.7 million weekly transactions while the median transaction fee dropped to an unprecedented low of $0.008. This surge in activity is driven by network upgrades in 2025 that improved scalability and reduced costs, alongside increased stablecoin use and staking. Despite this boom, ETH's price remains below $2,400, as much of the activity occurs on layer-2 solutions and stablecoins, which do not significantly increase demand or fee revenue for ETH. The ultra-low fees also limit the deflationary impact of Ethereum's fee-burning mechanism.

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