Coupled with that, the Ethereum gas price declined. Despite the declining gas prices, in terms of fees paid out to validators, Ethereum outperformed other networks such as
Even with lower per-transaction fees, a higher volume of transactions could generate more total fees for validators. This long-term view is further supported by the fact that coins being actively traded are still held for an average of 2 months, indicating a reluctance to sell.When coins are held for longer periods, it suggests investors believe in the long-term potential of Ethereum and are comfortable holding onto their assets.
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