Ethereum (ETH) Fees Plunge 69% as This Metric Drops to All-Time Lows

Ethereum (ETH) transaction fees drastically fall 69%, here's positive impact ETH $ETH

According to recent research by, two new sectors — GameFi and staking — have arisen in the last two years within the Ethereum ecosystem. Investor interest in each sector has ranged in intensity.

Often, there are sporadic spikes in gas usage, during which the demand for gas for DeFi frequently doubles. This usually occurs during periods of high market volatility as investors recollateralize, deleverage or get liquidated on their on-chain margined positions. It adds that, though not a perfect indicator, declining coins on exchanges generally hint at future bull runs if given enough time to play out.

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