The number of active accounts on the Ethereum network has fallen to its lowest level since December 2023

On September 23rd, according to TheBlock, at the beginning of September, Ethereum's average transaction fee fell below $1 for the first time since July 2020. However, in the past few weeks, Ethereum's 7-day moving average transaction fee has risen sharply. Its latest value reached $3.52 on September 21st, which is more than three times that of $0.85 on September 1st. The recovery in transaction fees has also increased Ethereum's destruction rate, which has skyrocketed from 80.27 ETH on September 1st to 1,360 ETH on September 21st, an increase of 1600% in just three weeks. In the past 30 days, Uniswap and its V2 version have topped the list of GAS-consuming smart contracts on the web, but Telegram-centric cryptocurrency and NFT trading robots Maestro and BananaGun are also among them.
In addition, Ethereum transfers and transactions involving the stablecoin Tether (USDT) and Circle's USDCoin are also on the list. Despite the surge in transaction fees and destruction volumes, the seven-day moving average of active accounts on the network has dropped significantly to its lowest value so far this year, down 11% from the start of this month, and the current value of about 385,000 accounts is the lowest on the network since December 1, 2023.