number of transactions just hit an all time high, first time we have been above last Decembers bubble peak....only this time is has got there from steady growth. Number of wallets used daily has been at an all time high for some time.....bitcoin continues to grow slowly and steadily.
Not sure were you're getting the new all time high from... the 7 day smoothed view on blockchain.info (no. of tx excluding popular addresses) still shows the current value slightly below the previous peak...
No. of unique addresses is already at a new high though:
Anyway, I agree with your observation.
I don't usually look for reasons for market states, but if I had to, I'd probably say the 2nd growth spurt of 2013 (i.e. the rally to 1200 USD) vastly outgrew the network size based price, which led to the protracted bear market we're in now.
Since May this year, on the other hand, network growth is picking up nicely, judging by the commonly used metrics, while price is in constant decline, i.e. the reverse of what happened in late 2013. Eventually, there's a good chance the gap between network size motivated price and actual price will be substantial enough to cause the next growth spurt, but I don't claim to know when that is going to happen exactly.