(Hedge Co.Net) Ethereum has captured attention with a price surge above $3,600, driven in part by record network usage and deflationary burn events. ABC Money
Details:
- On 10 November 2025, the Ethereum network reportedly achieved a throughput peak of around 24,192 transactions per second—a sign of heightened activity across Layer-2s and scaling infrastructure. ABC Money
- The network also burned over US $32 million worth of ETH in base fees, reinforcing the narrative of supply tightening and increasing scarcity. ABC Money
- The anticipation is building for the upcoming “Fusaka” upgrade, which aims to introduce “PeerDAS” data blobs and improvements in validator cost-efficiency. ABC Money
Why it matters: As the second-largest crypto ecosystem, Ethereum’s health and momentum remain key to the broader market. Higher network activity and supply-burn mechanics can contribute to positive price dynamics if sustained. The upgrade roadmap also signals ongoing development and competitiveness against rival chains.
What to watch:
- Whether the transaction volume surge is persistent or a short-term spike.
- Timing and impact of the Fusaka upgrade: successful rollout may further boost confidence; delays or issues could stir concerns.
- Correlation with altcoins: if Ethereum heats up, pick-value for Layer-2 tokens and ecosystem tokens may shift.