@onghweeping44
Ethereum Gas Fee Impact on DeFi User Activity
Recent Ethereum gas fee fluctuations have impacted DeFi user activity, with high fees deterring smaller transactions. On-chain data shows a decline in daily active addresses during peak fee periods. However, Layer 2 adoption is mitigating this effect, sustaining overall activity. Watch for gas fee trends and L2 growth as key indicators of DeFi's resilience.
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