Ethereum (ETH) 
$3,155.65has set a new trend in the crypto market by reaching an all-time high in a key index that measures network performance. According to data shared by crypto analyst Joseph Young, the Ethereum network broke a record with an average of 24,192 transactions per second (TPS). This level was recorded as the highest value reached by Ethereum in the seven-day average TPS data.
Post-Dencun Performance and Increased Network Efficiency
This remarkable increase shows that the network is able to process more transactions than ever before and is rapidly strengthening on the scalability side. This performance is a result of Ethereum increasingly being seen as the “world’s computer,” according to Young. This infrastructure, where decentralized applications run, is rapidly approaching the capacity to handle the increasing transaction load.
The increase in transactions on the Ethereum network is considered a concrete reflection of the improvements in scalability following the Dencun update. The update in question was implemented to reduce transaction fees and increase network efficiency.
The 24,192 TPS level reached today shows that Ethereum has become a stronger economic engine in areas of use that require high transaction volume. It is stated that the increasing transaction capacity of the network may trigger the long-term value increase of Ethereum. Young emphasizes the network’s role as a “decentralized economic engine,” recalling that Ethereum powers application-based transactions that account for a large share of the global financial system.
Some users in the community argue that this momentum could be the “beginning of an era of exponential growth” for decentralized economies in the future. Ethereum’s new speed levels show that the network is becoming more attractive to both developers and investors.
A New Era Begins with Fusaka Update
On the other hand, the Ethereum ecosystem is focused on the Fusaka upgrade, which will be implemented in early December. With this update, Ethereum’s scalability, user experience and network security will be increased.
The general expectation in the community is that the Fusaka update may start a new upward wave in the ETH price. Because the upgrade is expected to further strengthen operational efficiency by increasing adoption.
At the time of writing, the price of Ethereum stands at $3,153.25, indicating an increase of 0.7% in the last 24 hours. ETH, which rose from the lowest level of 3,071.97 dollars to the highest level of 3,252.66 dollars during the day, maintains its fluctuating course.
However, due to the cautious stance of investors, Ethereum’s transaction volume decreased by 34.47% in the same period, falling to 35.12 billion dollars. The general market outlook is still under pressure, causing new purchases to be postponed.
In summary, the fact that the Ethereum network broke the transaction record reveals that the technological infrastructure is strengthening and the expansion potential of the decentralized economy. However, uncertainty continues in short-term price movements. Investors’ eyes are now fully focused on the Fusaka update. It is eagerly awaited to see what role this upgrade will play in Ethereum’s long-term growth scenario.
