Ethereum’s Layer 1 (L1) activity has reached an all-time high, breaking through new milestones in transaction volume and active addresses. This surge comes as no surprise, as the network continues to dominate the smart contract and DeFi space. Users are increasingly engaging with various Ethereum platforms like DeFi protocols, NFT marketplaces, and Layer 2 solutions that seamlessly bridge back to L1. Interestingly, this record-setting activity hasn’t resulted in inflated gas fees – a key change from previous bull cycles. This is largely due to Ethereum’s shift to Proof of Stake (PoS), which has increased efficiency. Moreover, the rise of Layer 2 scaling solutions like Arbitrum, Optimism, and Base has helped offload traffic from L1, keeping costs manageable even during periods of heavy activity. This combination presents a promising outlook for the future of Ethereum. For users seeking an increasingly accessible and user-friendly experience in the crypto space, this could be a turning point.