The number of active accounts on the Ethereum network has dropped to its lowest point of the year

ChainCatcher news, according to The Block, as of September 21, 2024, the seven-day moving average of Ethereum transaction fees reached $3.52, more than tripling from $0.85 on September 1. At the same time, the number of active accounts on the network has dropped to a yearly low of about 385,000, a decrease of 11% from the beginning of the month, marking the lowest point since December 1, 2023.

The rise in transaction fees has driven a significant increase in the ETH burn rate. On September 21, the daily burn amount of ETH reached 1,360, an increase of 1,600% from 80.27 on September 1. Uniswap and its V2 version have become the most gas-consuming smart contracts in the past 30 days.