Ethereum Network Sets New All-Time High for Daily Transactions on December 31st, Reaching 1.87 Million Transactions

Data cited by The Block on January 2nd shows Ethereum’s 7-day moving average of daily transactions hit 1.87 million on December 31st, marking an all-time high. That figure topped the previous record of 1.61 million transactions set during the 2021 NFT and DeFi boom on May 10, and also exceeded the recent peak of 1.73 million transactions recorded on August 9, 2025. Ethereum’s active address count also hit a phase high at year-end, reaching 728,904 — the highest level since May 12, 2021. Additionally, new addresses on December 31st totaled 270,160, the largest single-day increase since early 2018. Nick Ruck, research director at LVRG, noted the recent surge in on-chain activity is primarily driven by network upgrades. These upgrades have significantly cut transaction fees, boosted scalability, and drawn more institutional participation via ETFs and Real World Asset (RWA) tokenization.