The performance of the ethereum network collapses with a decrease in total transaction fees to its lowest levels
Although it is considered very expensive, Ethereum blockchain She remained one of the best networks in the world of dynamic currencies. However, the pioneering Blockchain has undergone a significant transformation as total transactions fees have decreased dramatically to the levels that were not seen in the years.
Total transaction fees at the lowest level in the years
While the encryption sector vibrates through fluctuation, ethereum It has achieved great success due to the recent developments regarding the comprehensive transactions fees for the network. Over time, ETH gas fees hindered user activity due to the high cost, making it difficult to use.
Modern reports from encryption mines, a subsidiary of Binance, Reveal The use of the ethereum network has slowed, indicating the demand for the mass area. While the low fees reflect the shrinkage of the demand, it also means slowing the momentum through the eTH ecosystem.
Crypting miners stated this ETH treatment fee It has decreased to its lowest levels since 2020, which represents the lowest level in four years. This decrease in transaction fees coincides with a decrease in the activity on the chain and indicators that congestion at the ecological system reduces. Development can affect user participation, DeFi activity, and NFT transactions, especially auditors who depend on Blockchain.
Using data from InTothheblock, which is a market intelligence platform and a platform on the series, the most prominent Crypto miners that the fees decreased by about 60 % in the first quarter of 2025, and decreased to only $ 208 million by April 4.
According to the platform, one of the prominent factors is the acute decrease in the appearance of layer -2 solutions, especially the base, and the DENCUN update, which widely reduced the cost of scaling layers. Nowadays, 2 layer package A base alone, which treats 80+ treatment is now led by TPS, which enhances its position in space.
During this period of weak demand for the network, the ETHEREUM price also decreased dramatically to previous support levels. Also stated in encryption mines, altcoinIts price decreased by about 45 % in the first quarter of 2025, which represents the worst performance in the first quarter since 2022.
ETH/BTC pair displays the weak performance, as it decreased to the lowest level in 5 years. However, the big investors, which are often referred to as whales, are not deterred and they collected ETH less than the level of $ 1800 in a resounding support.
The next pioneer for the decline in ETH prices
With fluctuating condensation, an analyst for the series Mac_D set the decisive price levels of the ETH. Rapidly mail On the Crytoquant platform, the expert highlighted that the average cost of ETHEREUM (Critical Price) is placed at $ 2200. From this, it seems that most ETH holders are currently losing money.
At the same time, the average cost of the foundation Whale More than 100,000 ETH holds $ 1,290, which is the following main support level for Altcoin. If Ethereum decreases without this level, Mac_D believes it may not decrease to less than $ 870. During the Luna crisis in June 2022, this level was held, Forming the lowest level in ETH And a refreshing sign.
Distinctive image from Unsplash, Chart from TradingView.com
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