Fast radio bursts (FRBs) are cosmic sources that emit millisecond-duration radio pulses with a wide range of luminosities and yet unknown origin(s) (Petroff et al. 2019; cordes et al. 2019). A subset of FRBs were found to repeat, the prototype of which is the first precisely-located FRB 121102 (Spitler et al. 2016), residing in a dwarf galaxy at redshift z=0.193 (Chatterjee 2017; Tendulkar et al. 2017). The source has been observed by most major telescopes and shows non-Poisson clustering of bursts over time, the hitherto highest burst rate, and a burst isotropic equivalent energy largely consistent with a power-law (Law et al. 2017; zhang et al. 2018; Gourdji et al. 2019), all of which are crucial characteristics to be compared to non-repeating sources. However, due to sensitivity limits, no true energy distribution of any FRB is known. Here we report the detection of 1652 independent bursts, more than quadruple the total of all previously published ones combined, in a total of 59.5 observing hours spanning 47 days using the Five-hundred-meter Aperture Spherical radio Telescope (FAST). The peak burst rate of 122 hr-1is by far the highest ever observed of any FRB. A characteristic peak in the isotropic equivalent energy distribution is found to be ~4.8×1037 erg at 1.25 GHz, suggesting a possible threshold for producing abundant coherent radio bursts from FRBs. The burst energy distribution is optimally described by a bimodal distribution consisting of a log-normal function plus a Cauchy function. While no periodicity was found between 1 ms and 1000 s, and the majority of the burst arrival times are consistent with being random, there exists a visible peak in the waiting time distribution at about 3.4 ms, corresponding to significant clustering. Our results start to reveal the stochastic nature of abundant weaker bursts, which could be present in other FRB sources, apparently repeating or not. FRB generation mechanisms must be efficient and economical. Expensive triggers and/or contrived conditions for burst production seem unlikely.