The extremely active andesitic Whakaari / White Island is situated in the middle of the off shore limits of the Whakatane Graben and the dacite Putauaki (Mount Edgecumbe) which last had a significant eruption about 300 BCE is towards the south east in the on shore section of the graben. Just off shore is Moutohora Island, an andesitic complex volcano that last erupted in the Pleistocene and still has geothermal activity. The main area of land geothermal activity is used for geothermal power at the Kawerau Power Station. The widespread decay earthquakes after the 1987 Edgecumbe earthquake were absent from this area and the nearby Putauaki volcano (see areas of absent yellow shading near Kawerau in seismic activity map at top of page). Nearby caldera volcanism has produced rhyolitic tephra and ignimbrite deposits that are very deep towards the south western end of the graben.

During the period 2005 to 2009 an earthquake swarm occurred that initiated on land near Matatā, but progressed to allow definition of a number of off shore faults in the region just off shore where sediment disturbance had made this difficult (white shading on map on this page). These earthquakes were also associated with an area of land about 400 km (150 sq mi) in area that has risen by 40 cm (16 in) since the 1950s. The increase of height over this area which is mainly off shore is not thought to be consistent with tectonic origin but would be consistent with inflation from the accumulation of magma at a depth of about 9.5 km (5.9 mi). The best fit modelling suggested the magma source is 19.1 by 24.2 km in size inflating by about 20 mm (0.79 in)/year during the period. Elsewhere off shore in the graben multiple magmatic sills are known to exist between 4 and 15 km depth, beneath the normal faults, and this new magma body was later interpreted as a newly stalled sill like them.

Subsidence in the center of the graben had commenced before 600,000 years ago and currently is at the rate of up to 2 mm (0.079 in)/year. On both sides of the graben uplift has occurred. To the west Castlecliffian (mid Quaternary) marine sediments have been elevated at a rate of 1 mm (0.039 in)/year to more than 300 m (980 ft) above sea level. To the east in the area interacting with the active faults of the North Island Fault System uplift has been half this for the last 120,000 years. There is no evidence anywhere in the graben of cross faulting from the North Island Fault System so on land the Awakeri Fault and the Edgecombe Fault define clear eastern fault boundaries.

On present land there have been significant earthquake ruptures in the last 800 years in each of the three most active fault zones associated with the graben. These are the Rotoitipakau fault, the Onepu and Edgecumbe faults, and towards the north west the Matata boundary faults. The 1987 Edgecumbe earthquake came after two earthquake swarms, one 40 miles to the north west of the epicentre and one close to the epicentre (white shading on map on this page). The aftershocks after the earthquake were distributed over much of the Whakatāne Graben (yellow shading on map on this page).

Off shore the Rangitaiki fault has been widening at 1.26 ± 0.69 mm/year for 17,500 years and slipping at up to 3.7 mm (0.15 in)/year. This particularly well studied fault commenced as unlinked fault segments about 300,000 years ago and when these segments linked together about 17,500 years ago the average displacement rate of the fault network increased by almost threefold. The off shore boundary faults of the Tarawera fault to the northwest and the White Island Fault to the southeast are active and define the faulting limits of the modern off shore Taupō Rift.

The off shore underlying volcanic sills noted above are consistent with a tectonomagmatic relationship, where magmas supplied by flux melting in the mantle wedge thermally weaken the lithosphere and facilitate rifting.

For more detail on the faults and earthquake swarms in the graben click on the interactive map in the information box at top of page of this article, or refer to the references.