– Do fees suggest they are not in demand anymore?

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Cardano’s [ADA] daily network fees have dropped to a year-to-date (YTD) low as user activity on Layer 1 (L1) blockchain decreases.

daily network fees have dropped to a year-to-date low as user activity on Layer 1 blockchain decreases, according to

Data from Artemis showed that Cardano’s daily transaction fees peaked at $24,000 on the 11th of March and have since trended downward.The decline in daily transaction fees on Cardano is due to the decrease in user activity on the network.

 

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