Ethereum Achieves Record 200 Million Transactions in a Quarter
In the first quarter of 2026, the Ethereum blockchain recorded a record number of transactions since its launch. Over the three months, the figure reached 200.4 million transactions.
According to data from the Artemis analytics platform, the number of transactions increased by about 43% compared to the previous quarter. The peak value was recorded on February 7, with around 2.8 million transactions per day. By April 2, the figure dropped to 2.3 million, according to YCharts data.
According to DeFiLlama, the main reason for the sharp rise in transactions on Ethereum was the increase in the number of active addresses. From January 1 to March 31, their number reached 12.6 million. This is about 1704% more than in the previous quarter.
The growth in transaction numbers may also be linked to the implementation of the Dencun and Fusaka updates, aimed at improving the network’s scalability and reducing fees. This, in particular, contributed to the increased activity in second-layer solutions, including Base and Arbitrum.
An additional factor could be the growth of the stablecoin market. According to DeFiLlama, the market capitalization of stablecoins on the Ethereum network reached about $164.4 billion. This may have been influenced by the passing of the GENIUS Act in the US, which regulates the issuance and circulation of stablecoins.
Earlier, the Token Terminal analytics service reported that in the fourth quarter of 2025, the volume of stablecoin transfers on the Ethereum network reached a record $8 trillion, nearly doubling in six months.
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