According to the source, the Ethereum mainnet processed 2.2 million transactions on Tuesday, marking a new single-day record for the layer-1 network; this highlights a surge in on-chain demand that traders should track for fee and liquidity conditions. Source: X post dated Dec 31, 2025. Higher demand raises the EIP-1559 base fee, which is burned, increasing ETH’s burn rate and tightening net supply when activity is elevated. Source: Ethereum.org (EIP-1559 fee mechanism and fee burn documentation). Rising utilization typically lifts average transaction costs and can impact on-chain execution timing for swaps and arbitrage, making gas price and base fee key indicators for intraday strategy. Source: Ethereum.org (fees increase with network demand under EIP-1559). Traders can monitor real-time gas, base fee, and burn metrics to assess whether fee pressure persists into upcoming sessions. Source: Etherscan Gas Tracker and Ultrasound.money burn dashboard.