Data shows the Ethereum total transaction fee has declined to 6-month lows recently, indicating that investors aren’t engaging much with the coin.

Ethereum Daily Total Transaction Fee Has Declined Recently

According to data from the market intelligence platform IntoTheBlock, the transfer fees on the ETH blockchain have dropped to just 1,720 tokens recently. The indicator of interest here is the “total fees,” which measure the daily total amount of transaction fees that the users on the network are attaching with their transfers.

Generally, this metric observes a boost whenever the chain observes high activity. This is because the network only has a limited capacity to handle transactions, so higher than usual traffic means more competition among the users to process their transfers.

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