As Ethereum gas usage plummets, how has the network fared
Ethereum's gas usage nosedives, marking a historic low, with a ripple effect on active addresses and transaction fees, reshaping the network’s landscape....
- Ethereum's total gas usage has declined from 107.9 billion to around 107.6 billion.
- Fees have also decreased recently.
- The decrease in gas usage is accompanied by a decrease in network interactions.
- The number of active addresses has increased but daily active addresses have declined.
- Ethereum's trading volume has decreased.
- Transaction fees have been decreasing and are currently at the lowest in over three months.
The article provides a mixed sentiment, with a focus on the decline in gas usage and fees, but also highlighting the decrease in network interactions and trading volume.