There were 18,658,277 transactions on the Ethereum network in the last week. According to Everstake’s post based on Blockworks Research data, this figure was recorded as the third highest weekly transaction number in the history of the network.
Usage increase independent of price movement
This level was seen during a relatively calm period in the cryptocurrency market. This indicates that on-chain activity on Ethereum continues to strengthen regardless of short-term price fluctuations.
Everstake noted that similar trading intensity in previous periods more often coincided with strong market enthusiasm. The remarkable aspect of the latest data is that it occurred without a significant price rally.
Everstake emphasizes that progress in Ethereum should not be measured solely by price movements, as network adoption and infrastructure development continue regardless of short-term market sentiment.
Blockworks Research, the source of the data, is known as a research organization that monitors on-chain activities in major blockchain ecosystems. As a company that provides staking infrastructure, Everstake regularly shares network data.
Which domains support transaction traffic?
The current chart on Ethereum shows that network usage is not just limited to speculative trading. Decentralized finance applications, stablecoin transfers, tokenized assets, NFT infrastructure, and Layer 2 scaling solutions continue to generate transactions.
Mini dictionary: Layer 2 rollup is a scaling method that batch processes transactions outside the mainnet and pushes the result to Ethereum. This structure aims to provide lower cost and higher capacity while benefiting from the security of the network.
According to DefiLlama data, Ethereum maintains its leadership among smart contract networks in terms of total locked asset value. On the corporate side, it seems that interest in Ethereum-based infrastructures continues in tokenization and consensus processes.
| Indicator | Situation |
|---|---|
| Number of transactions per week | 18,658,277 |
| historical ranking | Third highest week |
| market condition | period of relative calm |
Long-term indicators stand out
Everstake argues that market cycles may change, but infrastructure development accumulates over time. The company therefore thinks that more focus should be placed on the fundamental indicators of the network rather than daily price changes.
According to the company’s assessment, infrastructure development accumulates continuously while markets move in cycles.
For developers and investors, the increase in the number of transactions is considered one of the important signals regarding the health of the ecosystem. However, high transaction volume alone does not mean a direct increase in token price or network revenues.
Investors watch other metrics, too
Analysts note that additional indicators such as active addresses, fee revenues, validator participation and Layer 2 adoption should also be taken into account when evaluating activity on Ethereum.
The latest data comes at a time when institutional interest is expanding following the launch of spot ETH ETFs in the US. Although the increase in the number of weekly transactions is not directly linked to ETF inflows, the strong network usage remains one of the factors supporting Ethereum’s role in the digital asset infrastructure.
