Ethereum

Token

DeFi

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ethereums-resilience-transaction-counts-peak-amid-nft-and-defi-slowdown" rel="noopener noreferrer nofollow">Ethereum’s Resilience: Transaction Counts Peak Amid NFT and DeFi Slowdown</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ethereum-foundations-otc-crypto-maneuver-raises-questions" rel="noopener noreferrer nofollow">Ethereum</a> maintains its dominance in the altcoin space, recently hitting a 20-month high with 36.02 million transactions in a month. This surge in transactions comes despite a downturn in the Non-Fungible Token (NFT) and Decentralized Finance (DeFi) sectors within the Ethereum ecosystem.</p>
<h2 id="ethereum-s-transactional-milestone">Ethereum’s Transactional Milestone</h2>
<p style="text-align: justify">January saw Ethereum’s highest monthly transaction count since July 2022, reaching 36.02 million. This increase in network activity occurred even as NFT sales volume on Ethereum dipped by 2%, with a total of 138,465 NFT transactions amounting to $356 million.</p>
<p style="text-align: justify">The decline in Ethereum’s NFT sales volume contrasts with the overall market, where NFT sales volume across all networks rose by 41%. However, Ethereum’s DeFi sector also experienced a setback, with a 7% reduction in Total Value Locked (TVL), which stood at $31.85 billion at the time of reporting.</p>
<p style="text-align: justify">Despite heightened activity, Ethereum’s network fees and revenues from transactions saw a significant decrease. User fees dropped by 34% to $213 million, and revenue from fees fell by 37% to $179 million in January.</p>
<p style="text-align: justify">This data underscores Ethereum’s position as a leading blockchain, capable of sustaining high transaction volumes even amidst fluctuating performance in NFT and DeFi segments.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ethereums-resilience-transaction-counts-peak-amid-nft-and-defi-slowdown" rel="noopener noreferrer nofollow">Ethereum’s Resilience: Transaction Counts Peak Amid NFT and DeFi Slowdown</a></h5>

Ethereum’s Resilience: Transaction Counts Peak Amid NFT and DeFi Slowdown

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