Ethereum Network Activity Crashes, Transaction Volume Down To A Five-Month Low
The negative sentiment around Ethereum appears to be significant as evidenced by current data which shows that the ETH network is exhibiting a noticeable decrease in activity, with its number of transactions falling to its lowest level in the past 5 months. This drastic decline coincides with a larger downswing in the cryptocurrency market, marked […]
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Ethereum fees had touched new highs thanks to the popularity of the decentralized finance (DeFi) space. As network activity had grown, so had the transaction volumes. The effects continue to linger even into the bear market, although fluctuations between low and high are now more common in the space. Presently, transaction volumes have fallen sharply and ETH fees have now plummeted to monthly lows. Ethereum Transactions At $0.5 Ethereum transaction fees have declined to one of their lowest points this year. Gas costs which have been fluctuating between high and low seem to have found their....
Charles Hoskinson’s blockchain has again become one of the most active networks by transaction volume as it approaches that of Bitcoin but none of that has helped the price of ADA. The Cardano blockchain has experienced an explosion in on-chain activity and now trails only Bitcoin in current 24-hour transaction volume, surpassing Ethereum in the process according to Messari.Cardano (ADA) currently has $17.04 billion in 24-hour transaction volume, according to data from on-chain analytics firm Messari. With Bitcoin (BTC) at $18.85 billion and Ethereum (ETH) at $5.25 billion according to....
On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally. Ethereum Transaction Volume & Whale Transfer Count Have Spiked Recently According to data from the on-chain analytics firm Santiment, Ethereum has seen an uplift in two activity-related metrics. The indicators in question are the Transaction Volume and the Whale Transaction Count. The first of these, the “Transaction Volume,” keeps track of the total amount of the cryptocurrency (in USD) that users on the ETH network are shifting across....
Ethereum gas fee had run-up to some of the highest levels back in 2021. Mostly, this was caused by the growth of the decentralized finance (DeFi) and non-fungible tokens (NFTs) space that saw activity on the network spike significantly. This had continued for the better part of the year but as the market has ushered in the new year, activity on the network has begun to stabilize, seeing Ethereum fees drop. Ethereum Fees Drop To Eight-Month Low Ethereum fees have been steadily dropping for the last couple of months. Some of this has to do with the recent bear trend that has seen momentum....
On-chain data shows the average transaction fees on the Ethereum network have hit a 4-month high as user activity has spiked. Ethereum Average Fees Recently Hit The $5.72 Mark According to data from the on-chain analytics firm Santiment, the transaction fees on the ETH network have shot up as the cryptocurrency has recently broken above […]