Ethereum (Ethereum) The network has seen a spike in cross-chain activity recently, with monthly confirmed transactions rising to an all-time high (ATH).
Last week, the Ethereum network recorded nearly 22 million transactions, according to Data from Blackworks Analyzed by Finbold on May 6. As such, the blockchain recorded its weekly transaction ATH, indicating renewed organic demand for the leading smart contract ecosystem.
In April, the Ethereum chain broke the previous monthly transaction record set in January 2026. After gradually increasing its monthly transaction volume from February, the Ethereum network reported 72.83 million transactions in April, i.e. ATH.
Growing demand for Ethereum-based smart contracts among institutional investors has fueled on-chain activity. Furthermore, the network has attracted significant growth in Real Asset Tokenization (RWA) and stablecoins. Over the past 30 days, on-chain RWA transfer volume rose 9.78% to $21.61 billion while stablecoin holders increased nearly 2% to over 22.5 million, based on Metrics from RWA.xyz.
Ethereum price rebounded as on-chain activity rose
A notable growth in on-chain activity on Ethereum has fueled bullish sentiment recently. Furthermore, an uptick in cross-chain activity is often offset by increased demand for ETH, which is bullish amid supply on cryptocurrency exchanges falling to historic lows, as Finbold has previously done. I mentioned.
Over the past 30 days, Ethereum’s price has risen approximately 10%, trading at approximately $2,348 at press time. The altcoin’s market capitalization has steadily risen to $283.6 billion on Wednesday.
A continued increase in Ethereum cross-chain transactions in the near term could fuel its further recovery and vice versa. As such, closely monitoring this indicator can help traders gauge the altcoin’s potential next move.
