Ethereum's Record Activity Fails to Move Price Amid Presale Hype

Ethereum's record-breaking quarter in terms of network activity has raised questions about the disconnect between usage and price. In Q1 2026, Ethereum processed a record 200.4 million base layer transactions, with new users jumping 82% quarter over quarter to 284,000. Stablecoin supply on Ethereum also hit an all-time high of $180 billion.

Despite these impressive numbers, the price of ETH remains stagnant, trading near $2,360 and more than half below its $4,831 high. This gap between usage and price is driving attention towards alternative investment opportunities, such as Pepeto, a presale-driven crypto exchange that has gathered over $8 million in pre-sales.

Pepeto offers a range of tools and features, including a risk scorer, zero-fee trading, and a secure platform for holders to trade, move, and protect their capital. With a confirmed Binance listing and a strong development team behind it, Pepeto is attracting serious capital from wallets that are not waiting for the market to catch up.