Ethereum Network Activity Hits Records as Stablecoin Usage Explodes
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Ethereum’s record-breaking stablecoin volumes in late 2025 aligned with new highs in network activity. Total daily transactions reached 2.23 million in December, a level nearly 50% higher than the same period a year earlier, signaling sustained demand for block space and settlement.
User participation climbed as well, with monthly active addresses peaking at 10.4 million and daily unique sender and receiver addresses surpassing one million. Together, these metrics point to broad-based adoption, as Ethereum increasingly functions as a backbone for large-scale financial activity rather than a niche crypto network.