Ethereum Network Activity Soars Amid Institutional Demand

Ethereum's network activity reached new heights in Q2 2026, with Layer 1 processing 203.9 million transactions, a 68.4% year-over-year jump.

Average throughput hit a record 25.9 transactions per second, and the staking ratio climbed to 32%, while holder addresses reached 312.1 million, both all-time highs.

BitMine, a corporate treasury buyer, added 27,180 coins last week, pushing its total position to 5.96 million, roughly 4.9% of total supply.

Spot ETF inflows topped $324.4 million in September, outpacing Bitcoin ETF demand, while exchange-held supply fell to 6.06 million, down 73% from its June 2020 peak.