Ethereum Network Activity Hits All-Time High as Price Lags Far Behind

tldr; Ethereum’s network activity reached an all-time high on December 24, 2025, with a seven-day average transaction count of 1.73 million, driven by Layer-2 networks, DeFi activity, and stablecoin transfers. Despite this, Ethereum’s price remains subdued around $3,000, significantly below its previous highs. Analysts note that the network’s efficiency has improved, handling increased demand without fee spikes. While long-term fundamentals appear strong, short-term market conditions and liquidity pressures continue to influence ETH’s price performance.

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