Ethereum

<ul class="news-points">
 <li>Santiment pointed out that Ethereum transaction fees are at their lowest since October.</li>
 <li>ETH average fee level dropped to $1.12 per network transaction.</li>
 <li>Santiment also confirmed that ETH’s circulating supply reached.</li>
</ul>
Ethereum’s historically high transaction fees have been a persistent issue, prompting the development of Layer 2 chains and scaling solutions to provide lower-cost alternatives for users.
However, recent<a href="https://twitter.com/santimentfeed/status/1784511938476855337" target="_blank" rel="noopener noreferrer nofollow"> data</a> from blockchain analysis platform Santiment shows a significant improvement, with Ethereum’s average fee level dropping to $1.12 per network transaction, one of the lowest levels seen since October 18.&nbsp;
Santiment stated in the X post:
<blockquote class="wp-block-quote">
 “With markets mainly retracing over the past 6 weeks, the lack of demand and strain on the network may help turn ETH and associated altcoins around sooner than many may expect.”
</blockquote>
As per CoinMarketCap<a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow"> data</a>, currently, over 122 million Ether is in circulation, with this sharp increase attributed to the consistent decline in the burn rate over the past two weeks. Moreover,<a href="https://ultrasound.money/" target="_blank" rel="noopener noreferrer nofollow"> data</a> from Ultrasound Money shows that Ethereum’s circulating supply has surged, reaching the highest level since March.
The g…
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ETH Transaction Fees Drops to Lowest Since October 2023

Coin Edition

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