Ethereum’s main network processed a record two point two million transactions in a single day this week.
The milestone was recorded on Tuesday according to data from Etherscan.
Average transaction fees on the Ethereum mainnet fell to roughly seventeen cents.
The figure marks a sharp contrast from historic fee levels on the network.
Ethereum transactions were most expensive in May twenty twenty two.
During that period average fees exceeded two hundred dollars per transaction.
Since then transaction costs have steadily declined despite rising usage.
Network upgrades have helped improve efficiency and reduce congestion.
Fees were still above eight dollars as recently as October ten.
That spike coincided with a major market wide liquidation event.
Historically high fees pushed users toward cheaper layer two solutions.
Recent data suggests users are returning to Ethereum’s layer one.
The increase in mainnet activity signals renewed confidence among users.
Developers are also increasingly selecting Ethereum as a settlement layer.