The 30D-SMA of total daily transaction fees has declined to 2.5 BTC/day, the lowest level since March 2011.
The 30D-SMA of total daily transaction fees has declined to 2.5 BTC/day, the lowest level since March 2011. Fee compression of this magnitude reflects a significant reduction in on-chain demand for block space, consistent with subdued network. 📉 glassno.de/3NVcqes
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