🔎 On-chain Evidence: Ethereum's Average Daily Network Fees Drop to Long-term Lows
According to Glassnode data, since the beginning of November, Ethereum's daily total payment fees (90-day moving average) have fallen below 300 ETH/day, reaching a new low not seen since July 2017.
This means lower costs for users' on-chain activities;
For the ecosystem, does it indicate a decline in overall activity such as dApp/contract calls?
For prices, this "liquidity vs cost" trend is worth monitoring.
