ETHs Daily Active Users are Dropping

Market Research
Written By Guest User

  • Ethereum daily active addresses has been declining the last couple of weeks as the NFT craze has started to cool down after doing billions of dollars worth of movement throughout August.

  • Gas fees started to become a reason for the beginning of the decline in NFT trades and had a rippling effect to all other DeFi products on ETH and turned users away for the time being.

  • The good news is that for active users of the ETH network the network is less throttled and causing the average gas price to slip a bit making ETH a little more usable at the moment. This would be the time to take advantage of Uniswap and other ETH Dapps.

Guest User
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