Higher activity, lower fees: Here’s what December’s onchain data shows
December's on-chain data reveals an increase in cryptocurrency activity alongside a decrease in transaction fees. The number of active addresses and transactions surged, indicating heightened user engagement in the crypto market. Despite the uptick in activity, average transaction fees fell significantly, making it more cost-effective for users to conduct transactions. This trend suggests a growing interest in blockchain technology and its applications, as more users participate without the burden of high fees. Overall, December's data reflects a positive shift in the crypto ecosystem.
Read the full article: Coin Telegraph