As of today, the Ethereum mainnet's single-day transaction volume has reached a new high of approximately 2.2 million transactions, while the average fee is only $0.17. Compared to a few years ago when fees often ranged from tens to hundreds of dollars, this change is quite significant—more people are using it, yet the network is becoming smoother.

The rebound in mainnet transaction volume also indicates that Ethereum has not been completely diverted by Layer2 solutions; instead, it is gradually returning to its core role as the secure, stable final settlement layer.

From a developer's perspective, the data is even more straightforward: the number of new smart contracts deployed in the fourth quarter reached about 8.7 million, setting a new record. The two upgrades planned for 2025 are also quite pragmatic—Pectra will first refine the validator and staking systems, and Fusaka will then increase the Gas limit to better serve real-world usage needs.

Overall, it feels like Ethereum is shifting its focus back to usability and long-term sustainability.