https://www.ethmrc.com/authors/ben-thalman/Recent content in Ben Thalman on Ethereum Market Research CenterHugoen-usThu, 05 Nov 2026 17:00:00 +0000https://www.ethmrc.com/state-of-the-ledger-research-ethereum-institutional/Thu, 05 Nov 2026 17:00:00 +0000https://www.ethmrc.com/state-of-the-ledger-research-ethereum-institutional/<p>Published by Ethereum Institutional, the &ldquo;State of the Ledger&rdquo; report outlines how the blockchain is evolving from a throughput-centric model into an environment optimized for complex institutional workflows, privacy, and long-term post-quantum resistance.</p> <p><strong>Current Network Health and Metrics</strong></p> <p>Between January and October 2026, Ethereum mainnet daily transactions grew by 54% year-over-year to 2.17 million, while median transaction fees dropped drastically to 3.5 cents. Combined with Layer 2 (L2) networks, the ecosystem processes roughly 25 million daily transactions. Capital mobility has surged, with mainnet stablecoin transfer volume rising 61% to reach $25.8 trillion. Concurrently, network economic security strengthened significantly; staked capital grew to 44.2 million ETH, which represents 36.1% of the total circulating supply. <a href="https://ethereuminstitutional.org/research/state-of-the-ledger"><strong>Read the full piece at the source</strong></a></p>