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Ethereum Gas Fees Plunge to Five-Year Low, Rising Supply May Dampen Short-Term Price Gains
Ethereum Gas Fees Plunge to Five-Year Low, Rising Supply May Dampen Short-Term Price GainsA report by cryptocurrency analytics firm Kaiko Research reveals that Ethereum gas fees have recently reached a five-year low, primarily driven by increased Layer 2 activity and the March Dencun upgrade, which reduced transaction costs on Layer 2. This fee reduction has implications for ETH, as lower fees mean less ETH burned, leading to an increase in the token's supply
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How Ethereum of the Exchange fell to a five-year low
New data shows that the number of Ethereum entering the exchange is decreasing in the past few weeks. Recent chart analysis shows that the current balance of Ethereum in the exchange has reached a new low point, indicating that the overall liquidity of these platforms has declined
