Ethereum active users, transaction volume hit all-time highs in Q1

Ethereum's monthly active users (MAU) reached an all-time high of 13.2 million in the first quarter of this year, an 85.9% increase from the previous year, according to Token Terminal. The network processed 200.4 million transactions, up 81.5% year-over-year, while its transactions per second (TPS) grew by 81.7% to 25.78. In contrast, Ethereum's Layer 1 fee revenue fell by 81.9% to $39.9 million over the same period.