🚀 Attention, crypto enthusiasts! 🚀

🔹 Activity on the Ethereum (ETH) blockchain has reached new heights this year despite transaction fees falling by over 90%!

🔹 Token Terminal data shows that Ethereum revenue has fallen by 99% since March, reaching one of the lowest levels in the history of the blockchain.

🔹 However, according to analytics from L2Beat, the number of ETH on-chain swaps has reached record levels. Syncracy Capital co-founder Ryan Watkins believes this is a positive sign for the Ethereum blockchain and decentralized finance.

🔹 The fee reduction was made possible by the Dencun upgrade, which introduced blobs and proto-danksharding technologies, improving the operation of the second-layer (L2) networks and reducing the load on the Ethereum core layer.

🔹 Lower fees have encouraged users to actively use the second-largest blockchain after Bitcoin (BTC).

🔹 Wall Street's interest in Ether has also grown: ETH-based spot ETFs have been approved since July, and by the end of August, trading volume in these funds exceeded $2 billion.

💬 What do you think about the future of Ethereum? Share your thoughts in the comments! 💬