Ethereum Activity Hits Record High As Staking Exit Queue Clears

Ethereum is handling more transactions than ever before, setting a new record for daily network activity.

On Friday, the network processed over 2.88 million transactions, the highest daily total in its history. The surge follows a steady rise in on-chain activity since mid-December, reversing a slowdown seen through much of 2025.

Despite higher usage, average transaction fees remain near recent lows. This suggests Ethereum is absorbing increased demand more smoothly than in previous cycles, helped by recent upgrades and the growing use of layer-2 networks.

Staking activity has also shifted. Ethereum’s validator exit queue has dropped to zero, allowing stakers to withdraw ETH almost immediately. At the same time, entry queues remain long, showing continued interest in staking.

The empty exit queue suggests there is no rush to leave staking, pointing to stability rather than speculation. Combined with rising transactions, it shows Ethereum is managing heavier usage without congestion, reducing fears that higher demand must always lead to fee spikes.

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