Ethereum, Solana and Avalanche get busier and cheaper even as token prices fall: Bitwise

The Block·

Ethereum, Solana and Avalanche get busier and cheaper even as token prices fall: Bitwise

60-second summary

Ethereum, Solana, and Avalanche are experiencing increased network activity and lower transaction fees despite their token prices plummeting over 50% in the past year. This trend is observed by Bitwise, which notes rising activity but declining revenues. The shift suggests a growing adoption of these networks, potentially offsetting their declining token values.

Although activity rose, revenues declined and ETH, SOL and AVAX are all down over 50% when compared to a year ago.