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Image Credit: Coindoo

Sharp Drop in Ethereum Activity Pushes Fees to Historic Lows

  • The drop reflects a sharp decline in user activity across the Ethereum network.
  • With less congestion, users are able to offer lower fees and still have their transactions confirmed in a timely manner.
  • For developers and testers, this environment creates ideal conditions to experiment with new applications at minimal cost.
  • However, Ethereum's market cap has dropped by 61% over the past four months, causing investors to be more hesitant.

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