In recent days, Ethereum has achieved record transaction volumes, attributed to increased Layer 2 activity. Analysis indicates significant growth at both the base transaction level and in the proliferation of Layer 2 solutions.
Transaction Dynamics of Ethereum and Layer 2
From June 16 to June 22, 2025, Ethereum processed 20.24 million transactions. During this time, the mainnet contributed 2.01 million, while Layer 2 networks executed 18.14 million transactions. This marks the first instance where combined transaction volumes reached such heights, underscoring the importance of scalability within the Ethereum ecosystem.
Daily Transactions Nearing Peak Levels
The total number of daily transactions on Ethereum is approaching the 2021 record, approaching nearly 1.5 million per day. After a cooldown period from 2022 to 2024, there is now stabilization and growth, despite a lack of price volatility or rising gas fees.
Capital Inflows and Outflows
In the last 24 hours, Ethereum attracted $96.3 million in capital, while Arbitrum posted an outflow of $37.9 million, marking the largest negative swing among all listed networks. Other networks also reported negative outcomes, highlighting Ethereum's role as a liquidity anchor.
Overall Ethereum's transaction figures indicate a sustained user interest in the platform, demonstrating active use and implementation of new technologies, reinforcing its dominance and reliability in the cryptocurrency space.
