Ethereum's weekly transaction count just hit 18 million, an all-time high, while the median fee per transaction fell to $0.008, also an all-time low. Those two numbers moving in opposite directions at the same time are the clearest sign yet that the network's scaling push is actually delivering.
The context matters here. After Ethereum merged its Layer 1 and Layer 2 roadmaps into a single strategy, two upgrades followed in quick succession. Pectra expanded blob throughput on L2s, and the Fusaka upgrade pushed data availability up by 8x. The idea was to let L2s absorb transaction load while the mainnet handles settlement. On-chain data now suggests that shift is happening at scale.
L2 activity tells the same story
Total blob fees have reached 1.492 million ETH, according to Dune Analytics, reflecting heavy adoption of proto-danksharding, the mechanism that compresses transaction data into temporary blobs to cut costs. Blob fees accumulating at that level means L2s are not just a niche workaround anymore; they are carrying a substantial share of the ecosystem's actual workload.
Transaction volumes on L2s have surged sharply since late June. The headline number belongs to Robinhood Chain, which posted a 30,922% monthly jump in transaction count and now accounts for 13.9% of all L2 transactions. By raw volume, though, Base still dominates. Coinbase's network processed roughly 248.3 million transactions, about 29.1% of the L2 total, up 13.4% on the month. Arbitrum One and Optimism grew faster in percentage terms, at 22.2% and 19.2% respectively.
TVL across L2s reached $37.41 billion, which is almost half of what sits on the Ethereum mainnet itself. Base holds the top spot at $11.86 billion, up 1.04%. Arbitrum One and OP Mainnet also gained ground; ZKsync was the one exception, slipping slightly.
Monthly active users on Ethereum rose 2.9% to around 8.3 million, suggesting the cheaper fee environment is pulling in new participants rather than just letting existing ones transact more often.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
