Ethereum's Layer 1 (L1) network has achieved a significant milestone, with transactions and active addresses reaching all-time highs according to data from Token Terminal. This surge in on-chain activity, reported on October 30, 2025, reflects increased user engagement across decentralized finance (DeFi) protocols, NFT platforms, and Layer 2 solutions bridging back to L1.
Despite the record-setting activity, gas fees have remained near historic lows, a departure from previous bull cycles where high usage typically led to congestion and soaring costs. This efficiency is attributed to Ethereum's transition to Proof of Stake (PoS) and the rise of Layer 2 scaling solutions like Arbitrum, Optimism, and Base, which offload traffic from the mainnet by processing transactions off-chain and settling them in batches on L1.
Analysts highlight that this combination of high throughput and low fees signals a maturing ecosystem, capable of scaling without compromising user experience. It positions Ethereum as a more sustainable and user-friendly platform, potentially driving broader adoption among developers, institutions, and everyday users.
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