Ethereum recently saw a dip in the transaction volume on its mainnet Ethereum price has, however, shown no signs of impact from the latest development In recent weeks, the price of Ethereum [ETH] has been moving, at most, sideways. Of course, given that the cryptocurrency market witnessed a dip, this wasn’t exclusive to it alone. […]
, daily transactions on the Ethereum mainnet experienced a modest dip. This could be the cause of some concern. As of this writing, there were between 800 million and 900 million daily transactions, which was below the 1 million threshold.
In addition, the gas and gas fees required to conduct transactions on the Ethereum mainnet could be another reasonable explanation for the reduction., Ethereum had over 1 billion transactions overall, with gas usage of over 7 billion. As a result, the majority of consumers have switched to Layer 2 solutions because they offer cheaper and faster transactions than the mainnet. This could easily explain the recent dip that was observed.Possible implications of a sustained decline…
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