According to Odaily, data from TheBlock dashboard reveals that the Ethereum network's daily transaction volume has seen a significant decline over the past month. The 7-day moving average of daily transaction volume has dropped approximately 55%, falling from $6.56 billion on July 26 to $2.9 billion today.
In July, Ethereum's monthly transaction volume was recorded at $134.71 billion. However, for August, the transaction volume currently stands at $91.46 billion, with five days remaining in the month.
