Ethereum on-chain activity spikes to all-time high
Ethereum Ethereum on-chain activity spikes to all-time high The Ethereum (ETH) network has seen a surge in on-chain activity recently, with monthly confirmed transactions skyrocketing to an all-time high (ATH). Last week, the Ethereum network recorded nearly 22 million transactions, according to data from analyzed by Finbold on May 6. As such, the blockchain registered its weekly transaction ATH, signaling renewed organic demand for the leading smart contract ecosystem. Ethereum weekly transaction activity. Source: BlockWorks In April, the Ethereum chain smashed its previous monthly transaction record set in January 2026. After gradually increasing its monthly transaction volume from February, the ETH network reported 72.83 million transactions in April, its ATH. ETH monthly transactions. Source: Artemis The rising demand for Ethereum-based smart contracts among institutional investors has bolstered on-chain activity. Moreover, the network has attracted notable growth in real-world assets (RWA) tokenization and stablecoins. During the past 30 days, the chains RWA transfer volume surged 9.78% to $21.61 billion while its stablecoin holders increased by nearly 2% to more than 22.5 million, based on metrics from . Ethereum RWA activity. Source: RWA.xyzEthereum price rebounds on rising on-chain activity Notable growth in on-chain activity on Ethereum has bolstered bullish sentiment recently. Furthermore, an uptick in on-chain activity often reciprocates to increased