Token Terminal releases Ethereum Q1 2026 report showing that Ethereum's monthly active users reached 13.2 million, an increase of 85.9% year-over-year, setting a new record; quarterly transaction volume reached 200.4 million transactions, an increase of 81.5% year-over-year, TPS reached 25.78, an increase of 81.7% year-over-year, all hitting new highs. Meanwhile, Layer 1 fee revenue dropped to $39.9 million, down 81.9% year-over-year. The report shows that the total value locked (TVL) in the Ethereum ecosystem reached $316.2 billion, accounting for 71% of the total of the top five public chains; active lending volume reached $21.8 billion, accounting for 79.2%; ecosystem application fee revenue reached $2 billion, accounting for 58.4% of the total of the top five public chains.