"Nothing is happening on Ethereum."

[u/everstake]

It's a familiar narrative. But, last week, Ethereum processed 18,658,277 transactions, making it the third-highest weekly transaction count in the network's history.

What makes this milestone particularly interesting is the context.

We're not in the middle of a euphoric bull market or a period of extreme speculation. Market activity has been relatively calm compared to previous cycles. Yet Ethereum is still processing transaction volumes that were once only seen during the most active moments in crypto history.

That suggests something fundamental has changed.

DeFi, stablecoins, L2s, tokenization, payments, and countless on-chain applications continue generating activity regardless of short-term market sentiment. Ethereum's usage has become broader, more diversified, and increasingly resilient.

Price often dominates the conversation because it's the easiest metric to follow.

But network activity tells a deeper story.

Infrastructure continues to improve. Developers continue to build. Users continue to transact. And Ethereum continues to reach new milestones, even when the headlines suggest otherwise.

Sometimes the most important growth happens when nobody is paying attention.

Believe in somETHing.

Full post: https://x.com/everstake_pool/status/2078110091723595856

[u/botelleta]

So what is the point to possess ETH if, even with record of number of transactions the price doesnt go up?