Ethereum's daily trading volume hits a record high, with the seven-day moving average reaching 1.87 million transactions on December 31, surpassing the peaks of 2021 and 2025. The number of active addresses also reached 728,904, the highest level since May 2021, while the number of new addresses saw the largest single-day increase since early 2018. Analysts attribute this surge to recent network upgrades such as Pectra and Fusaka, which reduce transaction fees and improve scalability, as well as growing institutional interest in Ethereum through ETFs and real-world asset tokenization. ETH trading price is $3,044, up 2.17% within 24 hours.