An Authoritative Record of Ethereum Market Research

Ethereum Market Research Center

Original research and sharp opinions on Ethereum's protocol, economics, and systems. Read by the people building and using it.

State of the Ledger, Research, Ethereum Institutional

The Ethereum network has experienced significant growth in usage, a substantial decrease in transaction costs, and an expansion of its network security, shifting institutional focus toward advanced protocol upgrades like Glamsterdam and Hegotá.

State of the Ledger, Research, Ethereum Institutional

Published by Ethereum Institutional, the “State of the Ledger” 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.

Current Network Health and Metrics

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. Read the full piece at the source