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Ethereum hits record user and transaction highs despite price drop below $1,700.

Protocol Fundamentals
18 Jun 2026
Benzinga
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Neutral
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Ethereum's network saw all-time highs in users, transactions, and throughput in Q1 2026, with an 8.1% increase in ETH holder addresses from the previous quarter. This growth occurred even as Ethereum's price fell about 20% to below $1,700 and its market capitalization dropped 30.3% to $290 billion. The ecosystem's total value locked also declined by 11%, and trading volumes and fees decreased. Despite these financial declines, Ethereum remains the leading blockchain for tokenized assets and on-chain finance, generating $2 billion in fees and maintaining dominance in lending markets with platforms like Aave. Key upgrades and institutional interest continue to support its ecosystem.

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