以太坊（ETH）的去中心化应用（DApps）交易量在过去一周骤降33%，至390.4亿美元。这一跌幅反映了整体加密货币市场的收缩，尽管以太坊在总锁定价值（TVL）和交易量上仍领先。以太坊的现货交易所交易基金（ETFs）表现平平，导致资金流出，并对ETH价格上涨形成限制。尽管以太坊的TVL在30天内增长了9%，达到了1860万美元，BNB链的TVL则有所下降。以太坊网络在链上活动的下降可能对ETH价...

<p>以太坊（ETH）的去中心化应用（DApps）交易量在过去一周骤降33%，至390.4亿美元。这一跌幅反映了整体加密货币市场的收缩，尽管以太坊在总锁定价值（TVL）和交易量上仍领先。以太坊的现货交易所交易基金（ETFs）表现平平，导致资金流出，并对ETH价格上涨形成限制。尽管以太坊的TVL在30天内增长了9%，达到了1860万美元，BNB链的TVL则有所下降。以太坊网络在链上活动的下降可能对ETH价格产生负面影响，尽管第二层解决方案如Base、Optimism和Arbitrum的活跃度创下新高。这种广泛的活动减少表明，整个加密行业的兴趣普遍减弱。</p>

以太坊DApp交易量在过去一周骤降33%

The decentralized application (DApp) transaction volume on Ethereum (ETH) plummeted 33% in the past week to $39.04 billion. This decline reflects the overall contraction in the cryptocurrency market, although Ethereum still leads in terms of total locked value (TVL) and transaction volume. Ethereum's spot exchange-traded funds (ETFs) have performed poorly, leading to capital outflows and constraining the upward movement of ETH prices. Although Ethereum's TVL grew 9% in 30 days, reaching $186 million, the TVL of the BNB Chain has declined. The decrease in on-chain activity on the Ethereum network may impact the price of ETH.

<p>Ethereum (ETH) decentralized application (DApps) transaction volume plummeted 33% to $39.04 billion over the past week. The drop reflects a contraction in the overall cryptocurrency market, although Ethereum still leads in total value locked (TVL) and transaction volume. Ethereum&#39;s spot exchange-traded funds (ETFs) have performed poorly, leading to outflows and limiting ETH price gains. While Ethereum&#39;s TVL has increased by 9% in 30 days to $18.6 million, the TVL of the BNB chain has declined. The Ethereum network&#39;s decline in on-chain activity could have a negative impact on ETH prices, despite record highs in activity for second-layer solutions such as Base, Optimism, and Arbitrum. This broad-based decrease in activity points to a general weakening of interest across the crypto industry.</p>

Ethereum DApp transaction volume plummeted 33% in the past week

Odaily reports that CryptoQuant analyst EgyHash has stated that the average daily Ethereum Gas fee has recently reached a historic low of only 2.9 Gwei, and the average daily fee in US dollars has also hit a multi-year low of $0.85. As a result, the average daily ETH burn rate on Ethereum has also dropped to a historic low, with a daily burn of 115 ETH. 

Although Ethereum's Gas fees and efficiency have plummeted, the average daily transaction volume has remained flat or significantly increased compared to the same period over the past two years. This decline may be related to the Dencun upgrade activated on Ethereum on March 13th. While low fees benefit users, this is not the case for investors, especially considering that a large portion of Ethereum's usage is shifting to its L2 networks, which could lead to potential issues such as user and liquidity fragmentation.

Despite the approval of an Ethereum spot ETF, ETH's price has not seen any improvement since the Dencun upgrade. During this period, Ethereum's supply has increased by more than 197,000 ETH (worth over $500 million), while its price has declined by 35%.

Analysis: Ethereum’s daily average gas fee and daily destruction volume hit new lows

The text mainly summarizes the key points of the cryptocurrency market, including the key agenda, news dynamics, economic situation, sentiment indicators and capital flows, as well as the technical analysis of BTC and ETH.

Author: Matt Weller CFA, CMT
Translator: Bai Hua Blockchain

1. Key points of BTC/USD and ETH/USD
Kamala Harris's economic agenda is seen as potentially inflationary, and if she is elected, this trend may benefit crypto assets, while the US dollar may be damaged as a result.
Last week's data highlighted that the market's focus has shifted from inflation to the labor market and consumption...

Can Bitcoin and Ethereum recover from a disappointing week?

According to Leon Waidmann, the research director of Onchain Foundation, on the X platform, glassnode data shows that although the current price is declining, the balance of Ethereum on exchanges has fallen below 10%, significantly lower than the balance of Bitcoin on exchanges. When the market demand for Ethereum rises again, its price may rise rapidly.