As ETH trx fees tumble, activity soars
Whether it's the market gully, NFT hype dying down or a mix of factors, the average fee to interact with the Ethereum network has slumped to a 3-month low of $13:
At the same time, there's been a noticeble uptick in ETH's daily addresses going hand in hand with the trx fee downslide.
Back during the Oct-Nov rally, both fees and addresses kept climbing as the market was soaring.
Now, we may be seeing a new wave of interest in ETH spurred by low(er) barriers to entry. New addresses interacting with ETH show the same (diverging) pattern:
Early to say, but might be a sign of renewed fundamental strength for the second largest coin?