The number of monthly transactions on Ethereum surpassed 70 million, a record high; the median transaction fee fell to $0.00554, a record low

Comparing news, OKX Ventures quoted Token Terminal data on the X platform as saying that the number of monthly transactions on Ethereum has exceeded 70 million, a record high. Meanwhile, the network's median transaction fee has dropped to around $0.00554, a record low at the same time. This indicates that Ethereum is gradually achieving “high efficiency and low cost” network state characteristics.

In view of this, OKX Ventures believes that Layer 2 solutions and modular architectures are continuing to reduce on-chain interaction costs, and the historically high gas fee problem is being significantly improved. As transaction costs are reduced to a sufficiently low level, applications such as stablecoins, blockchain games, social platforms, AI Agents, and RWA (Real World Assets) will more easily attract real users. Public chain competition is entering the “experience era”. Future competition will no longer be based only on TPS, but will depend on whether the network can provide better security, liquidity, and user experience. Ethereum still maintains a strong advantage in terms of developer and ecological strength. As costs fall, activities such as on-chain payments, asset issuance, and cross-border settlement are expected to continue to grow, and blockchain infrastructure is gradually becoming part of the mainstream digital economy. OKX Ventures will continue to focus on infrastructure upgrades and long-term application value within the Ethereum ecosystem. The real important signal is not only market price fluctuations, but the continued growth of actual on-chain usage.