Ethereum Network Hits Record 13.2M Users and 200M+ Transactions in Q1

Ethereum recorded strong growth in Q1 2026, with monthly active users rising to a record 13.2 million, an 85.9% increase year over year, according to Token Terminal.

At the same time, network usage expanded sharply, with transaction volume reaching 200.4 million and throughput rising to an all-time high of 25.78 transactions per second, both up more than 80% compared to last year.

However, this surge in activity came alongside a significant drop in layer-1 fees, which fell to $39.9 million, down 81.9% year over year.

Meanwhile, the broader Ethereum ecosystem also continued to scale. Total value locked increased to $316.2 billion, accounting for roughly 71% of the combined value of the top five chains. In addition, active lending reached $21.8 billion, while application-level fees across the ecosystem totaled $2.0 billion.

Source: Token Terminal