đ **Ethereum Q3-2024 Analysis: Fees Down, Layer 2s Up!**
- **Network Fees Drop**: Ethereumâs 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.
- **Uniswapâs Unichain**: Could further impact Ethereumâs fees, potentially shifting $368M in settlement fees to Uniswap Labs.
- **Market Trends**: ETH token down 21% this quarter; more tokens issued than burned.
đŹ What do you think about Ethereumâs future with these changes? Share your thoughts below!