Ethereum ($ETH) blockchain registered its highest quarterly transactions since inception through the first quarter (Q1) of 2026.
Over the previous three months, the Ethereum community hit a file of 200.4 million, in response to metrics from Artemis, a crypto analytics platform. As such, the chain’s quarterly transactions surged by round 43% from the earlier quarter to succeed in an all-time excessive (ATH) in Q1.
Since Ethereum’s quarterly transactions bottomed round This fall of 2023, the determine has steadily climbed to its peak earlier this 12 months. Particularly, the variety of settlements recorded on the Ethereum community peaked at 2.897 million transactions per day on February 7, 2026, earlier than dropping to about 2.363 million funds on April 2, as per information from YCharts, a analysis and analytics platform.
Why did Ethereum quarterly transactions peak in Q1?
The first motive why Ethereum’s transactions skyrocketed in Q1 was the sharp uptick in energetic addresses. Between January 1 and March 31, the variety of energetic addresses on the Ether chain reached 12.6 million, a achieve of about 1,704% from the prior quarter, based mostly on evaluation from DeFiLlama.
The energetic addresses on the Ethereum community surged after prior upgrades, which led to elevated natural progress in layer two (L2) networks corresponding to Base and Arbitrum (ARB), thereby boosting mainnet utilization.
In the meantime, the variety of energetic customers and transactions on the Ethereum ecosystem was bolstered by its rising stablecoin market cap. As of this reporting, the $ETH’s stablecoins market cap, per updates from DeFiLlama, was round $164.4 billion, catalyzed by regulatory readability in the USA by the Genius Act. Larger stablecoin liquidity on-chain usually will increase settlement and switch demand, supporting total transaction volumes.
