Ethereum's network has achieved a new milestone by processing approximately 2.88 million transactions in a single day while maintaining low average transaction fees, according to a recent Bitfinex report. This development underscores the effectiveness of Ethereum's Layer 2 scaling solutions, which are gradually transforming the mainnet into a neutral settlement and coordination layer. The report suggests that Ethereum's architecture is evolving towards a modular system, akin to traditional financial infrastructure, where lower layers ensure security and final settlement, and upper layers manage innovation and execution. However, the report also warns that recent transaction volumes may include low-value activities, such as address poisoning, particularly in stablecoin transactions. This indicates that transaction volume alone may not accurately reflect real economic activity, necessitating a cautious approach when interpreting these metrics.