Ethereum's daily destruction volume hits a record low, and on-chain activity continues to decline

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PANews
03-24
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PANews reported on March 24 that according to The Block, the amount of ETH burned on the Ethereum network dropped to 53.07 coins on Saturday, equivalent to approximately $106,000, hitting a historic low, indicating a significant decrease in demand for network block space. On-chain active addresses, transaction volume, and transaction count have been simultaneously declining in recent weeks. Data from Ultrasound.money shows that the annual ETH supply growth rate is 0.76% based on the past 7 days. Additionally, Standard Chartered Bank has lowered its 2025 ETH price forecast from $10,000 to $4,000.

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