According to Bankless’ latest “State of Ethereum Report – Q2 2022” data, due to the crypto market downturn between April and June, Ethereum network transaction fees fell by 33.4% in the second quarter – from the third quarter of 2022. The first quarter’s $1.91 billion fell to $1.28 billion.
In addition, the average daily active addresses of Ethereum dropped by 20.6% in the second quarter, and the lock-up volume on the chain dropped from $59.42 billion in the first quarter to $34.21 billion, a drop of 42.4%.
On-chain DEX spot trading volume fell from $350.54 billion in the first quarter to $319.13 billion, a drop of 9%.
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