Ethereum's mainnet achieved a new daily transaction record this week, processing 2.2 million transactions with an average fee of $0.17 per transaction. This marks a significant decrease in transaction costs from the peak of over $200 per transaction in May 2022. The network's efficiency has been bolstered by two major upgrades in 2025, Pectra and Fusaka, which enhanced validator efficiency, transaction scalability, and data processing capabilities. Additionally, Ethereum's staking queue experienced a notable shift on Monday, with the amount of ETH waiting to be staked nearly doubling the amount being unstaked for the first time in six months.