Ethereum fees drop drastically – Is low demand the reason?
The post Ethereum fees drop drastically – Is low demand the reason? appeared on BitcoinEthereumNews.com. Ethereum’s fees have fallen to their lowest level since 2020. With growing supply in the past few weeks, Ether is back to being inflationary. Demand for Ethereum Mainnet [ETH] has been slowing down over the past few months, driving fees to their lowest level since April 2020, on-chain data provider IntoTheBlock noted in a recent post on X (formerly Twitter). Total Ethereum fees hit their lowest point since April 2020! This decrease is driven by the migration to layer 2s and the decreasing usage of applications in Mainnet
The post Ethereum fees drop drastically – Is low demand the reason? appeared on BitcoinEthereumNews.com.
Ethereum’s fees have fallen to their lowest level since 2020. With growing supply in the past few weeks, Ether is back to being inflationary. Demand for Ethereum Mainnet [ETH] has been slowing down over the past few months, driving fees to their lowest level since April 2020, on-chain data provider IntoTheBlock noted in a recent post on X (formerly Twitter). Total Ethereum fees hit their lowest point since April 2020! This decrease is driven by the migration to layer 2s and the decreasing usage of applications in Mainnet
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