Ethereum's recent transaction volume surge is driven by several technical and market factors. Technologically, the Dencun upgrade, with Proto-Danksharding (EIP-4844), has reduced Layer 2 gas fees, boosting scalability and DeFi activity. The "Surge" roadmap aims for 100,000+ TPS, enhancing network efficiency. Market-wise, institutional adoption, like BlackRock’s $250M ETH purchase, and record-high futures open interest reflect growing confidence. The NFT market recovery and DeFi’s $70B total value locked further fuel demand. Macroeconomic shifts, including U.S. election outcomes and potential Ethereum ETF approvals, also play a role. Technical breakthroughs, such as breaking key resistance levels, sustain bullish momentum. Together, these factors signal Ethereum’s evolving ecosystem and rising utility, driving transaction volume to new heights.