Since early November, daily Ethereum fees (90-day average) have fallen to below 300 $ETH
ETHUSDT
Perp
3,231.52
-0.91%
H at a level we haven't seen since July 2017.
This is the lowest level of network fee pressure in eight years.
A calmer chain does not necessarily mean weakness... but it certainly highlights how dramatically the dynamics have evolved in the ecosystem.
ETH
3,342.03
+0.57%$BTC
BTCUSDT
Perp
92,137.6
+1.33%