#Gas费影响 Ethereum chain activity slows down

Apart from transaction fees, the trend of Gas fees also reflects weak demand. According to data, in the past week, the median daily Gas price for Ethereum was 1.61 Gwei, while on February 15, the lowest value dropped to 1.19 Gwei, marking the lowest record since 2020.

Additionally, the decline in Ethereum's on-chain activity corresponds with the transaction fees and Gas prices. According to data, on February 15, Ethereum's 7 DMA on-chain transaction volume dropped to $4.19 billion, a decrease of 46% compared to the previous week. This marks the lowest weekly average transaction volume for Ethereum since November 2020, with a significant decline in overall market activity. Such a situation raises concerns about the future development of Ethereum; although it may attract some users back in the short term, whether the long-term weak demand can reverse remains an unknown.