Bitfinex Report: Ethereum Shows High Throughput and Low Fees, May Be Accelerating Its Transformation into a Settlement Network

Bitfinex's report indicates that Ethereum previously processed about 2.88 million transactions in a single day, setting a historical record, while the average transaction fee remained low, exhibiting an unusual characteristic of "high throughput, low fees," demonstrating that its long-term technological roadmap, especially Layer 2 scaling, is gradually showing results.

As usage increases, the mainnet continues to operate smoothly, and the Ethereum mainnet is gradually transitioning to a neutral settlement and coordination layer. This modular architecture is closer to the layered logic of traditional financial infrastructure: the underlying layer focuses on security, certainty, and final settlement, while the upper layer takes on innovation and execution complexity. However, the report also warns that recent transaction volumes may include low-value activities such as address poisoning, particularly evident in stablecoin transactions, and caution is needed when measuring real economic usage solely by transaction volume.