Ethereum just hit a new L1 benchmark—2.2 million transactions processed on a single day back on Dec. 30. Pretty impressive stuff.

The surge came on the back of recent network upgrades. These improvements didn't just pump up throughput; they also brought gas fees down significantly. We're talking around $0.17 per transaction on average now. That's a massive shift from what users have been dealing with before.

So basically, the network is getting faster and cheaper at the same time. The upgrades are clearly moving the needle.