According to IntoTheBlock, total ETH fees have decreased to their lowest level since 2020 this quarter. This decline is mainly attributed to the increase in gas limits and the migration of transactions to Layer 2 solutions, which have reduced on-chain congestion and costs.

According to IntoTheBlock, the total amount of ETH fees decreased by 50% this week as on-chain activity continued to slow down. This reduction in fees highlights a decrease in network congestion, which can impact trading strategies by lowering transaction costs and potentially affecting liquidity. Traders might consider this a signal of reduced volatility in the short term, as lower on-chain activity often translates to less price movement.