Recent weeks have witnessed a surge in Ethereum transactions, nearing the all-time high of 1.9 million daily transactions recorded in January 2024. This rise is attracting both individual and institutional investors alike, driven by factors like improved technical capabilities, fluctuating market prices, and revived on-chain activity. The increased transaction volume has a number of contributors, including improvements to the network’s capacity through a 50% increase in its gas limit since March, which has significantly enhanced efficiency and reduced congestion. This reduction in fees for DeFi transactions and stablecoin transfers has further fueled activity, especially within the decentralized finance sector.