Ethereum's daily transactions have surged to a record 1.7 million, marking the highest activity level on the network in four years. This increase, reported by Cryptofrontnews, is attributed to the expansion of DeFi protocols, which has driven the network out of a multi-year consolidation phase. On-chain data from analyst Darkfost highlights a correlation between the rising transaction volume and Ethereum's market performance, suggesting that increased usage is bolstering investor sentiment and price stability.