Ethereum's daily burn rate has hit a historical low, and on-chain activity continues to decline.

PANews March 24 news, according to The Block, the amount of ETH destroyed due to transaction fees on the Ethereum network dropped to 53.07 coins on Saturday, approximately $106,000, hitting a historic low, indicating a significant decline in demand for on-chain block space. The number of active addresses, transaction volume, and transaction counts have all declined in recent weeks. Ultrasound.money data shows that the annual supply growth rate of ETH over the past 7 days is 0.76%. In addition, Standard Chartered Bank has lowered its 2025 ETH price expectation from $10,000 to $4,000.

ETH-0.78%
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