While the price of Ethereum (ETH) has been rising recently, the daily transaction volume of the network has surged to a high level over the past two weeks. In fact, August alone accounted for five of the ten busiest transfer days since the ledger began on July 30, 2015.
August Becomes a Record-Breaking Month for Ethereum Transactions
This month, Ethereum broke half of its ten all-time highest records, processing an impressive wave of transactions in recent days. The surge began from early to mid-July, with a seven-day average rising from 1.38 million (around July 9–14) to 1.73 million per day on August 7, while the 30-day average exceeded 1.5 million on July 31.
Since July 29, the network has regularly processed 1.7–1.9 million transactions per day — eight of the 10 days leading up to August 7 exceeded 1.7 million — with a high of 1,878,031 on August 5 and 1,833,756 on August 6, and a drop over the weekend to 1,515,955 on August 3. These figures place recent activity in the upper tier of all days since 2015, rivaling Ethereum's rare historical peaks.
Notable past highs include May 8–11, 2021 (~1.71 million daily transactions), December 9, 2022 (1,932,711), January 14, 2024 (1,961,144), and June 25, 2025 (1,751,819). January 14, 2024 and December 9, 2022 hold the top two positions, while August 5, 2025 currently ranks third. Despite this robust activity, online transaction fees remain low, ranging from 0.252 gwei to 0.261 gwei — about $0.02 per transfer.
At the end of the first weekend of August, Ethereum's block usage sat just below 50% at 49.53%, with an average block size of 171 and a backlog of 134,668 transactions waiting to be processed. Popular actions remained cheap: swaps on decentralized exchanges (dex) averaged $0.38, NFT sales were $0.65, conversions were $0.12, and borrowing and lending were $0.33.
From August 1–8, the average gas price remained mild, with most hours landing between $0 and $4. The most sudden spikes occurred on August 5 between 14:00 and 16:00 UTC, when fees temporarily reached $6–$8 — no surprise that this was the third busiest day ever.
More modest online fee spikes appeared on August 6 during the same hours and again on August 8 during both early morning and mid-afternoon transactions. Overall, Ethereum is pushing close to record transaction levels while still keeping costs low, supported by low block usage and ample throughput headroom.
