According to the source, an official X post highlights a discussion with Jess Houlgrave of WalletConnect on crypto wallets evolving into hubs for money, digital ID, and broader Web3 use cases, underscoring active product focus on payments and identity in wallet UX (source: official X post). For trading, monitor WalletConnect ecosystem metrics such as the number of supported wallets and integrated dapps, as these connection layers are used to initiate DeFi and NFT transactions and are widely tracked as activity proxies by market participants (source: WalletConnect ecosystem documentation; source: Dune Analytics community dashboards).

According to Crypto Rover, Ethereum transaction fees have plunged by 84% over the past year, indicating a significant reduction in network costs for traders and investors (source: Crypto Rover, Twitter, June 2, 2025). This dramatic drop in gas fees enhances the attractiveness of ETH for both retail and institutional participants, potentially driving increased transaction volume and network activity. The lower fees may also support increased DeFi activity and NFT transactions on the Ethereum blockchain, which could have a positive impact on ETH price valuation and overall crypto market sentiment.

According to Ai 姨 (@ai_9684xtpa) on Twitter, Ethereum gas fees have dropped to $60, signaling increased transaction activity and renewed on-chain trading interest. This lowered gas cost can encourage more active trading, especially in the DeFi and NFT sectors, as traders take advantage of reduced transaction expenses (Source: https://twitter.com/ai_9684xtpa/status/1927338540360208652). Market participants should monitor transaction volume and liquidity shifts, as lower gas fees often lead to short-term volatility and increased market participation, potentially impacting major cryptocurrencies linked to Ethereum.