Ethereum's mainnet achieved a new milestone with 2.2 million transactions recorded in a single day, marking a significant increase in network activity. This surge in transactions comes as average transaction fees have plummeted to just 17 cents, a stark contrast to the over $200 fees seen in May 2022. The reduction in fees is attributed to ongoing network upgrades, which have been effective since October 10th, when fees were around $8.48 following a major market downturn.