Ethereum just had its busiest quarter ever, capping a three-year comeback
CoinDesk·2h ago·Neutral
What Happened
Ethereum processed 200.4 million transactions in Q1 2026, exceeding its previous quarterly record and marking a significant recovery from 2023 lows. Despite this fundamental growth, ether's price remains down 53% from August 2025's $5,000 peak, currently trading near $2,328. Layer 2 networks handle most traffic volume.
Key Entities
EthereumQ1 2026200.4 million transactionsEther (ETH)$2,328Layer 2 networks