Ethereum just had its busiest quarter ever, capping a three-year comeback Ethereum, the world's largest smart contract blockchain, just printed its busiest quarter ever, and the token's price hasn't budged. The network processed 200.4 million transactions on its base layer in Q1 2026, marking the first time it has crossed that threshold in a single quarter, according to Artemis data. Quarterly transaction count bottomed near 90 million in 2023, then spent most of 2024 grinding sideways between 100 million and 120 million.

Ethereum just had its busiest quarter ever, capping a three-year comeback

Ethereum, the world's largest smart contract blockchain, just printed its busiest quarter ever, and the token's price hasn't budged.

The network processed 200.4 million transactions on its base layer in Q1 2026, marking the first time it has crossed that threshold in a single quarter, according to Artemis data. Quarterly transaction count bottomed near 90 million in 2023, then spent most of 2024 grinding sideways between 100 million and 120 million.