Mars Finance News, on March 24, according to The Block data, last Saturday, the Ethereum network burned only 53.07 ETH in a single day, which is worth approximately $106,000 at current prices, marking a historic low, indicating a significant decrease in demand for Ethereum block space. The Ethereum EIP-1559 change simplified the transaction fee process while requiring the network to burn all ETH used to pay basic transaction fees. This mechanism aims to reduce inflationary pressure and potentially make Ethereum a deflationary asset during network activity peaks. Additionally, the seven-day moving average of active addresses recently dropped to its lowest level since October 2024. In recent weeks, the number of new address creations, transaction counts, and daily transaction volumes have also declined.