Ethereum network has just shattered its all-time high in daily activity metrics—yet ETH's price tag lingers around the $3,000 mark. Curious disconnect, right? Here's what's actually driving this surge: Layer 2 solutions are booming with settlement throughput, DeFi protocols are pumping volume through governance tokens and yield farming, and stablecoin transactions continue to dominate on-chain flows. The data tells us adoption and utility are accelerating faster than price appreciation, which is pretty bullish if you think about it. When network fundamentals outpace price action, it usually means something's brewing beneath the surface.