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Bankless: Ethereum Network Transaction Fees Fell by More Than One-Third in Q2

By WebsCryptoJuly 11, 20221 Min Read
Bankless: Ethereum Network Transaction Fees Fell by More Than One-Third in Q2
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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%.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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