Bitfinex Report: Ethereum Shows "Anomalous Feature" of High Throughput and Low Fees, Possibly Accelerating Transition to Settlement Network

According to a Bitfinex report, Ethereum recently processed a record high of approximately 2.88 million transactions in a single day, yet average transaction fees remained low, exhibiting the "anomalous feature" of high throughput and low fees. This indicates that its long-term technical roadmap, particularly Layer 2 scaling, is gradually taking effect. As usage increases, the mainnet continues to operate smoothly. The Ethereum mainnet is progressively transforming into a neutral settlement and coordination layer. This modular architecture aligns more closely with the layered logic of traditional financial infrastructure: the base layer focuses on security, determinism, and final settlement, while the upper layers handle innovation and execution complexity. However, the report also cautions that recent transaction volumes may include low-value activities such as address poisoning, which is particularly noticeable in stablecoin transactions. Therefore, relying solely on transaction volume to gauge real economic usage requires caution.