Ethereum Achieves 2.2 Million Daily Transactions with Significantly Lower Gas Fees
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- New Transaction Record: Ethereum processed 2.2 million transactions on December 30, setting a new daily record that surpasses the all-time high from 2021, indicating robust growth and increased user engagement on the network.
- Significant Fee Reduction: The average transaction cost has dropped to approximately $0.17, a substantial decrease from $2.15 six months ago, which lowers user costs and encourages greater participation in network activities.
- Surge in Smart Contract Deployments: A record 8.7 million smart contracts were deployed in the last quarter of 2022, reflecting a resurgence in decentralized finance (DeFi) and NFT markets, further expanding the Ethereum ecosystem.
- Technological Upgrades Driving Performance: The Fusaka upgrade increased gas limits by 33%, optimizing network performance and ensuring that transaction fees remain low even as volumes rise, thereby strengthening Ethereum's position in the competitive blockchain landscape.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.







