Why Are Ethereum Transactions and Sentiment Rising Now?

[kevin1]

Daily Ethereum transactions recently hit a record 2.8 million, up roughly 125% year over year, according to Etherscan. Analysts attribute much of this growth to exploding stablecoin usage alongside falling fees, as execution increasingly shifts to layer-2 networks while Ethereum’s base layer focuses on secure settlement.

Market sentiment is also improving. Researchers and traders point to rising ETF inflows, growing stablecoin activity, and nearly 36 million ETH now staked as signs of strengthening fundamentals. With Ether recently touching a two-month high near $3,400, many see the combination of user growth, scaling upgrades, and institutional participation as setting the stage for a potential breakout.

[lingriiddd]

2.8m txs and ppl still saying eth is dead somehow