The Ethereum ecosystem has set a new record for transactions per second. Combined activity across Ethereum and all its Layer 2 networks reached 32,950 TPS, passing last week’s high of 31,000.
This increase comes ahead of today’s launch of the Fusaka upgrade, which is expected to boost scaling even further. After this upgrade, nodes will store only one-eighth of the blob data they previously held, making the network faster and more efficient.
A large part of the recent TPS jump comes from Lighter, an Ethereum-based perpetual exchange built on a zero-knowledge rollup. This technology uses cryptographic proofs to process large numbers of transactions at low cost. Zero-knowledge systems have grown quickly in 2025, with Ethereum founder Vitalik Buterin frequently promoting their benefits.
Lighter regularly handles thousands of TPS, while other Layer 2s like Base usually operate between 100 and 300 TPS. This shows how important Layer 2 networks are for Ethereum’s long-term scaling plans.
The Fusaka upgrade combines improvements from Osaka, Fulu and PeerDAS. It will try to fix Ethereum’s biggest economic issue. Until now, Layer 2 networks used Ethereum for security but paid very small fees back to the main chain, which resulted in very low ETH burn. Fusaka introduces new rules that ensure every Layer 2 transaction contributes to ETH burn.
This change could shift Ethereum toward deflation. The network currently issues about 620,000 ETH per year, while burning about 350,000. With Fusaka, Layer 2 activity could burn an additional 200,000 to 400,000 ETH per year, and possibly more if adoption grows.
Ethereum is trading around $3,082 after rising above both its 7-day SMA at $2,979 and the key $3,000 psychological level, with a daily range between $2,976 and $3,141. If ETH can hold above the $3,080 level, which aligns with its 30-day SMA, the next target sits near $3,269, the 50 percent Fibonacci zone.
The wider crypto market is also pushing higher, with a total market cap up to $3.13 trillion and Bitcoin has also slipped into the green zone.
