[Ethereum L1 Transaction Volume Hits All-Time High, Gas Fees at Record Lows] Odaily Planet Daily News: The fundamentals of the Ethereum network continue to strengthen. According to data from Token Terminal, Ethereum L1 transaction volume has reached an all-time high, while on-chain transaction fees have dropped to historic lows. Reports reveal that the Glamsterdam upgrade has reduced transaction fees by approximately 78%, while the network has successfully absorbed the impact of cost reductions without losing users. Additionally, 32.4% of ETH is now staked, also marking a record high, indicating a sustained increase in long-term holding and network security participation. Although the market remains frequently bearish on ETH, multiple on-chain data points suggest that Ethereum's current fundamentals may be at one of their strongest phases in history.