📉 Ethereum layer-1 network revenue drops 99% since March 2024 despite strong growth in layer-2 users. Layer-2 transaction fees drop significantly thanks to Dencun upgrade.

🔧 Network fees peaked at $35.5M on March 5, 2024, but fell to $566K on August 31, 2024. There are currently 74 layer-2 projects and 21 layer-3 projects on Ethereum.

📊 Anoma CEO believes that the number of layer-2 solutions is currently 10 times the market demand. Fierce competition has caused transaction fees to plummet.

💡 Low fees create inflationary pressure, reduce demand for ETH, push ETH price below $3K.

👉 What do you think about the future of Ethereum? Comment below!#Crypto#Blockchain #Ethereum