Ethereum Mainnet Posts Record 2026 Daily Transactions as Network Fees Plunge

Ethereum's mainnet averaged a record 2.16 million daily transactions and 899,000 daily active addresses through early November 2026, driven largely by stablecoin transfers surging 61% year-over-year to $25.8 trillion. Daily transactions rose 51% to 54% from 2025 levels, while active addresses increased from 662,000. Despite this record throughput, median transaction fees collapsed tenfold from 35 cents to 3.5 cents, pushing total mainnet fee revenue down 58% to 67,665 ETH and expanding ETH supply. Meanwhile, layer-2 networks handled 23.3 million of the ecosystem's 25 million daily transactions.