🚀 **Ethereum Q3-2024 Analysis: Fees Down, Layer 2s Up!**

- **Network Fees Drop**: Ethereum’s network fees hit $261M in Q3-2024, a 47% drop from last quarter, marking the lowest since Q4-2020.

- **Layer 2 Impact**: The rise of layer 2 networks and EIP 4844 contributed to this decline.

- **Total Value Locked**: Down 14% this quarter, but up 133% YoY.

- **Uniswap’s Unichain**: Could further impact Ethereum’s fees, potentially shifting $368M in settlement fees to Uniswap Labs.

- **Market Trends**: ETH token down 21% this quarter; more tokens issued than burned.

💬 What do you think about Ethereum’s future with these changes? Share your thoughts below!