Over the past 3 weeks, Ethereum’s transaction fees (7-day moving average) surged from $0.85 on Sept 1 to $3.52 by Sept 21. This also drove Ethereum's burn rate up 1,600%, from 80.27 ETH to 1,360 ETH. Despite these increases, active accounts dropped 11%, hitting a yearly low of 385,000 👀

Over the past 3 weeks, Ethereum’s transaction fees (7-day moving average) surged from $0.85 on Sept 1 to $3.52 by Sept 21. This also drove Ethereum's burn rate up 1,600%, from 80.27 ETH to 1,360 ETH. Despite these increases, active accounts dropped 11%, hitting a yearly low of 385,000 👀

https://www.theblock.co/post/316533/ethereum-transaction-fees-surge-even-as-active-accounts-fall-to-year-to-date-lows