“Ethereum is dead.”

We hear this every cycle.

And yet, on April 28, 2026, Ethereum processed 3,627,491 transactions in a single day – the highest level ever recorded.

If you take a step back and compare this to previous cycles, the scale of growth is hard to ignore. What once felt like peak activity now looks relatively small compared to current usage.

That’s what makes this moment interesting.

Despite record-breaking activity, the broader narrative hasn’t fully caught up. The network continues to expand: more users, more applications, more interactions, but sentiment still swings between extremes.

From a structural point of view, this kind of growth suggests that network effects are compounding. As more participants join and build, the system becomes more valuable and harder to replace.

Of course, predictions are always tricky. But if this pace continues, it wouldn’t be surprising to see Ethereum push toward even higher levels of daily activity in the near future.

Full post: https://x.com/everstake_pool/status/2049525910341054529