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Ethereum’s Supply Burn Drops in 2024 Despite High Fee Spending

  • Uniswap-related contracts dominated Ethereum’s usage in 2024, emphasizing the growing demand for on-chain trading.
  • Fees spent on stablecoin movements and DEX usage have overtaken ETH transfers, solidifying Ethereum as a financial settlement layer.
  • The decline in Layer 2-related fees indicates cost-saving effects and optimizations on Ethereum.
  • Gas prices and ETH price correlation are shifting, potentially reducing gas fees volatility and aligning with broader economic factors.

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