Ethereum activity surges despite recent price correction
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Ethereum processed a record 16.4 million transactions in a single week, demonstrating that the network can sustain heavy demand while keeping average fees below $0.20. At the same time, decentralized exchange (DEX) activity across the Ethereum ecosystem climbed to $26.8 billion, signaling renewed investor interest.
This surge in usage comes despite Ether experiencing a 15.9% price correction over the past week. The pullback triggered approximately $910 million in liquidations of leveraged bullish positions, briefly shaking trader confidence. Still, rising transaction volumes and low fees suggest underlying network demand remains strong.