Ethereum and Solana Networks Got Busier and Cheaper. The Token Prices Went the Other Way

By Isaac • July 28, 2026 1:34 pm •

Ethereum, Solana, and Avalanche handled far more transactions in the second quarter of 2026 while users paid much less per transaction. Network revenue fell across all three.

Ethereum transactions rose from 121.1 million to 203.9 million, while network revenue dropped from $131 million to $64 million and average cost per transaction fell from $1.08 to $0.31. Throughput reached about 26 transactions per second, versus roughly 15 a year earlier.

Solana non-vote transactions increased from 8.9 billion to 9.8 billion as revenue fell from $272 million to $51 million and average cost slid from $0.030 to $0.005. Avalanche C-Chain transactions rose from 58.0 million to 235.6 million, while revenue declined from $1.55 million to $0.33 million and