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Ethereum Network Performance Tumbles As Total Transaction Fees Drops To New Lows
- The Ethereum blockchain has experienced a significant drop in transaction fees.
- Transaction fees on Ethereum have reached their lowest level since 2020.
- The decrease in fees is attributed to the emergence of Layer-2 solutions and the Dencun update.
- Ethereum's price has also plummeted, marking its worst-ever first-quarter performance since 2022.
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