Bitfinex report: Ethereum exhibits "abnormal" high throughput and low fees, potentially accelerating its transformation into a settlement network.

A Bitfinex report points out that Ethereum previously set a new record by processing approximately 2.88 million transactions per day, but average fees remained low, exhibiting the unusual characteristic of "high throughput and low fees." This demonstrates that its long-term technological roadmap, especially Layer 2 scaling, is gradually taking effect. With increasing usage and stable mainnet operation, the Ethereum mainnet is gradually transitioning to a neutral settlement and coordination layer. This modular architecture is closer to the layered logic of traditional financial infrastructure: the bottom layer focuses on security, determinism, and final settlement, while the upper layer handles innovation and execution complexity. However, the report also cautions that recent transaction volumes may contain low-value activities such as address poisoning, especially evident in stablecoin transactions. Therefore, relying solely on transaction volume to measure real economic use requires caution.