📉 Ethereum network fee income hits its lowest point since April 2020, marking a 90% decline from its peak in May this year. Factors contributing to this include reduced demand for NFTs and a decline in DeFi activity, as well as the adoption of Layer 2 solutions to alleviate ETH network congestion. Over the past 30 days, ETH supply has increased by 33,500 coins ($52 million) due to decreased network activity. #Ethereum #Ethereum #CryptoFees #Layer2 #CryptoTrends