PANews reported on September 23 that according to The Block, in early September, Ethereum's average transaction fee fell below $1 for the first time since July 2020. However, in the past few weeks, Ethereum's 7-day moving average transaction fee has risen sharply, with the latest value reaching $3.52 on September 21, more than three times the $0.85 on September 1. The rebound in transaction fees has also increased Ethereum's destruction rate, which soared from 80.27 ETH on September 1 to 1,360 ETH on September 21, an increase of 1,600% in just three weeks.

Uniswap and its V2 version topped the list of GAS-consuming smart contracts on the network over the past 30 days, but Telegram-centric cryptocurrency and NFT trading bots Maestro and Banana Gun also made the list. In addition, Ethereum transfers and transactions involving stablecoins Tether (USDT) and Circle’s USD Coin also made the list.

Despite the surge in transaction fees and burns, the seven-day moving average of the network’s active accounts has fallen sharply to its lowest value so far this year, down 11% from the beginning of the month and currently at around 385,000 accounts, the network’s lowest value since December 1, 2023.