The Blockchain Evolution Behind High Throughput and Low Fees
According to the latest Bitfinex report, Ethereum recently processed approximately 2.88 million transactions in a single day while maintaining low average fees. This seemingly paradoxical phenomenon actually reflects a profound transformation in blockchain architecture.
With the maturation of Layer 2 scaling solutions, Ethereum's mainnet is transitioning from a traditional execution layer to an infrastructure primarily focused on security and final settlement. This layered model increasingly aligns with the architecture logic of traditional financial systems: the base layer ensures certainty and trustworthiness, while the upper layer accommodates innovation and complex applications.
Signs of Network Maturity
During the current market cycle, the network has maintained stable operation despite rising usage rates, signaling a significant increase in system maturity. Ethereum is gradually evolving into a neutral coordination and settlement platform, laying the foundation for large-scale adoption in the future.
Hidden Concerns Behind the Data
However, some analyses suggest that recent transaction volumes may include a proportion of low-value activities like address poisoning, particularly evident in stablecoin transactions. This phenomenon warns us that surface-level metrics like transaction counts are no longer sufficient to accurately reflect genuine on-chain economic activity.
- Layer 2 solutions deliver measurable results
- Clear trend of mainnet transitioning to settlement layer
- Cautions against misleading impacts of low-value transactions