🚨 ETHEREUM #FEES HIT HISTORIC #LOWS

Fee Drop: Ethereum transaction fees plummet to multi-year lows, now averaging less than $500,000 daily (down from $30M in March 2024).

🔹Why the Drop: Adoption of EIP-4844 and Layer 2 solutions (like Base) slash costs.

🔹Network Usage: Transaction volume remains stable at 1.2M per day.

🔹Impact: Lower fees boost accessibility but raise concerns about validator revenue.

🔹Market Performance: ETH underperforms Bitcoin despite increased network efficiency.$ETH