The Ethereum network is going through a historic activity spike, with weekly transfers on the L1 ecosystem surging above the 17.3M mark. Ethereum’s median transfer fees have declined to almost $0.008. As per the data from OKX Ventures, this notable divergence of minimal cost and peak usage indicates the potential for the scaling upgrades of Ethereum. Additionally, Ethereum’s staking has hit an exclusive landmark, with over thirty percent of the total circulating $ETH coins now locked, suggesting rising confidence in the long-term sustainability of the platform.
Ethereum L1 Weekly Transactions Exceed 17.3M; Staking Ratio Surpasses 30%—Both Hitting All-Time Highs
1. Transaction Volume Milestones
1）Historical Peak: As of February 13, total weekly transactions across the Ethereum ecosystem (L1 + L2s) surpassed 2.15 billion for the first…— OKX Ventures (@OKX_Ventures) February 14, 2026
Ethereum Transfers Spike Above 2.15B Amid Dominance of L2s
The market statistics disclose that the cumulative weekly transfers of Ethereum across the L2s and L1s surpassed 2.15B for the first time. Additionally, the everyday volume is showing a stable status above 300M. While the Ethereum L1s occupied just 0.2% of the transfers, it is still the spine of the settlement of value across the network. Additionally, L2s led activity, with Lighter getting the dominant position.
Specifically, Lighter contributed up to 45% to Ethereum’s network activity. Subsequently, Base emerged as the 2nd top name with 30% share contribution, underscoring the rising dependence on robust scaling solutions. Additionally, Year-on-year data highlights a stunning 420% surge in comparison with the same period during 2025. This further stresses the accelerating adoption of Ethereum. Additionally, in the case of cost efficiency, the median transfer fee on L1 dropped to historic low levels, even amid the record highs of usage. The respective outcome displays the latest scaling updates’ efficiency.
Staking Surges above 30% Amid Growing Validator Demand
According to OKX Ventures, the staking ratio of Ethereum has also jumped above thirty percent of the wider circulating supply, indicating an exclusive ATH. At the same time, amid the solid demand, the validator entry stream has expanded to twenty-one days, with more than 4M $ETH presently pending stake. The backlog underscores tokens worth of $8B awaiting deposit.
Moreover, the total value locked of Ethereum is still dominant, accounting for $54.2B. Ultimately, by offering immutable sovereign identities to AI agents, Ethereum network is establishing a future marked by the seamless convergence of automated economies, algorithmic ownership, and decentralized compute.