Ethereum Reaches Record Daily Transactions as Gas Fees Fall to Lows

TheNewsCryptoPubblicato 2026-01-19Pubblicato ultima volta 2026-01-19

Introduzione

Ethereum has achieved a record high of 2.88 million daily transactions, while average gas fees have fallen to lows around $0.15. This surge in network activity, combined with reduced costs, is attributed to recent protocol upgrades like the Fusaka hard fork and the Blob Parameters Only upgrade. These improvements have enhanced scalability and lowered data costs for Layer-2 rollups. Vitalik Buterin has emphasized the importance of maintaining protocol simplicity and reducing complexity to ensure the network's long-term security and decentralization, rather than adding new features.

Ethereum’s network activity has reached unprecedented heights, with the last week’s average of daily transactions rising to almost 2.5 million, even as gas prices have plummeted to new lows. This rare combination of surge in network activity and low transaction costs comes after recent protocol upgrades and scaling improvements that have eased congestion and dramatically reduced costs for users.

With that, a new all-time high of 2.88 million transactions was recorded on January 16, showing improved scalability, and the spike follows a late-December 2025 acceleration in on-chain activity. As well as lower transaction costs, while calculating the past week’s average transaction cost was around $0.15 fee. As of January 18, the average transaction fee stands at $0.18, and total transactions stands in $1.92 million.

Ethereum Upgrades Drive Higher Activity

The spike in network activity occurred approximately seven weeks after Ethereum’s Fusaka hard fork upgrade rolled out. The upgrade introduced PeerDAS (Peer Data Availability Sampling) and began Ethereum’s new two-major-upgrades-per-year timetable.

More recently, the final Blob Parameters Only upgrade, which means data containers released on January 8, increased the blob target from 15 and the maximum limit to 21. This improvement reduced data costs for Layer-2 rollups, making transactions more affordable and allowing the network to handle more activity smoothly.

Vitalik Urges Simplicity For Ethereum’s Future

These improvements are part of Ethereum’s current strategy for increasing speed and user experience. Vitalik’s roadmap discussion in his recent X post is centered on the protocol’s lasting health and simplicity.

Also, he explains that developers are often eager to add new features to achieve short-term functionality. Over time, that habit creates technical debt, which he described as highly destructive to the network’s future, so he introduced a process of garbage collection to counter this, which eliminates dependencies while also ensuring the network’s security and self-sufficiency.

With that, he argues that Ethereum should prioritize protocol simplicity, removing complexity and strengthening decentralization so that the network can remain secure and self-sovereign, rather than adding complex features.

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Domande pertinenti

QWhat was the record high for daily transactions on the Ethereum network and when was it achieved?

AA new all-time high of 2.88 million transactions was recorded on January 16.

QWhat was the average transaction fee (gas cost) for the past week mentioned in the article?

AThe average transaction cost for the past week was around $0.15.

QWhich recent Ethereum upgrade introduced PeerDAS and a new two-upgrades-per-year schedule?

AThe Fusaka hard fork upgrade introduced PeerDAS (Peer Data Availability Sampling) and began Ethereum's new two-major-upgrades-per-year timetable.

QWhat was the purpose of the 'Blob Parameters Only' upgrade that occurred on January 8?

AThe 'Blob Parameters Only' upgrade increased the blob target from 15 to a maximum limit of 21, which reduced data costs for Layer-2 rollups, making transactions more affordable and increasing network capacity.

QAccording to Vitalik Buterin, what should Ethereum prioritize for its future health, rather than adding complex new features?

AVitalik Buterin argued that Ethereum should prioritize protocol simplicity, removing complexity, and strengthening decentralization to ensure the network remains secure and self-sovereign.

Letture associate

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Coldcard Hardware Wallet Hacked: Losses Mount Due to Vulnerable Seed Generation A critical vulnerability in Coldcard hardware wallets has led to a continued wave of fund thefts. According to Galaxy Research, the total stolen has reached 1,367.05 BTC (approx. $88.6 million) from 4,585 addresses, a significant increase from the initial 594.5 BTC reported on July 30, 2026. Most of the stolen funds remain on the attackers' addresses. The issue is not with the current firmware, which Coinkite has updated, but with seed phrases generated on vulnerable devices between March 2021 and the release of fixed firmware versions. Due to a programmer error, devices switched from using a hardware random number generator to the software-based Yasmarang generator, which was initialized with publicly accessible data like the chip's serial number. This made the seed phrases predictable through offline brute-force attacks, meaning wallets remain at risk until funds are moved to a new wallet generated with the patched firmware. Affected devices include Mk2/Mk3 with firmware 4.0.1–4.1.9 (and up to 5.0.3), Mk4/Mk5 up to version 5.6.0, and Q models up to 1.5.0Q. The only exceptions are seeds created with a high-entropy method like at least 50 independent dice rolls or a strong unique BIP-39 passphrase. All other owners must generate a new seed on the fixed firmware and transfer their assets. A case highlighting the human impact involves a 39-year-old long-term investor who lost 2 BTC (approx. $130,000) in minutes. He had accumulated the Bitcoin over eight years through physical labor, viewing it as a financial lifeline and a retirement plan in a country suffering from hyperinflation. His story underscores that even conservative "buy and hold in cold storage" strategies can be compromised by such underlying technical flaws. From a technical perspective, this incident echoes historical failures where weak random number generators undermined cryptographic security, challenging the assumption that offline storage is automatically foolproof.

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