Ethereum transaction fees have fallen sharply since the NFT boom era

Ethereum transaction fees have declined significantly compared to 2022 levels, when the network experienced heavy demand during the peak NFT trading period. The drop reflects a shift in network activity as the NFT market cooled. Data shows fees are now at fractions of their previous highs, marking a notable change from when Ethereum functioned as a high-fee environment during the speculative digital asset boom.

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