I'm wondering why the price of
Ethereum (ETH) has dropped following the Denver event. Could there be a specific reason or factors contributing to this decrease in value?
6 answers
Giulia
Tue Jan 07 2025
A recent report by CryptoQuant has shed light on some interesting developments concerning transaction fees on Ethereum.
DondaejiDelightfulCharmingSmile
Tue Jan 07 2025
According to the report, Dencun has managed to reduce Ethereum transaction fees by an average of four times compared to previous levels.
KimonoElegance
Tue Jan 07 2025
This significant decrease in transaction fees has led to a notable impact on the
Ethereum network.
IncheonBeauty
Mon Jan 06 2025
One of the consequences of this reduction is that the amount of ETH being burned has dropped to one of the lowest levels since the Merge.
CryptoAce
Mon Jan 06 2025
The Merge, a major network upgrade for Ethereum, was designed to improve efficiency and scalability.