以太坊（ETH）每日交易费用降至2024年9月以来的最低水平

根据Token Terminal的数据，以太坊网络上的每日交易费用已降至2024年9月以来的最低水平。

Ethereum network daily transaction fees have hit their lowest since September 2024, a new Token Terminal data analysis shows.

一项新的令牌终端数据分析显示，以太坊网络每日交易费用已达到最低水平。

The network generated $731,472 in daily fees on Feb. 8, marking the first time in five months that daily revenue dropped below $1 million. The last time this occurred was in November 2020.

该网络在2月8日的每日费用上产生了731,472美元，这是五个月来第一次，每日收入降至100万美元以下。这次发生是在2020年11月。

The network experienced a similar slump from Aug. 17 to Sept. 8, 2024, when it also failed to surpass the $1 million threshold in multiple days.

从8月17日至2024年9月8日，该网络也经历了类似的低迷，当时该网络也未能在数天内超过100万美元的门槛。

The network’s native cryptocurrency, Ether (ETH), has also disappointed investors over the past year, failing to reach new highs alongside Bitcoin despite the approval of spot exchange-traded funds (ETFs) in major markets like the US and Hong Kong.

该网络的本地加密货币Ether（ETH）在过去一年中也令投资者感到失望，尽管在美国和香港等主要市场中获得了现货交易所买卖基金（ETF）的批准，但仍未与比特币达到新高。

Several factors have contributed to the downturn in Ethereum network activity and revenue.

几个因素导致以太坊网络活动和收入的低迷。

One key factor is the network's rising supply. Since April 2024, Ethereum’s supply has been steadily increasing, reversing the deflationary period introduced by the Merge in September 2022. Ethereum’s total supply has now surpassed pre-Merge levels.

一个关键因素是该网络的供应量增加。自2024年4月以来，以太坊的供应一直在稳步增加，扭转了合并于2022年9月提出的通缩期。

The Merge eliminated Ethereum’s mining-based issuance, which had a high supply inflation rate. Ethereum also implemented the London hard fork in August 2021, which introduced a mechanism that burns a portion of transaction fees. When network activity is high, burned ETH can surpass newly issued ETH, making the asset deflationary.

合并消除了以太坊基于采矿的发行，该发行率很高。以太坊还于2021年8月实施了伦敦硬叉，该货物引入了一种燃烧一部分交易费用的机制。当网络活动较高时，烧伤的ETH可以超过新发行的ETH，从而使资产通缩。

Another factor is the growth of layer-2 networks, which are designed to reduce congestion and fees on the Ethereum mainchain. While this strategy has been effective in reducing onchain activity, it has also shifted activity away from the main blockchain.

另一个因素是2层网络的增长，旨在减少以太坊主链的拥塞和费用。尽管该策略已有效地减少链链活性，但它也将活动从主要区块链转移了。

Furthermore, layer-2 networks still face interoperability issues, which has raised concerns about a fragmented Ethereum ecosystem.

此外，第2层网络仍然面临互操作性问题，这引起了人们对零散的以太坊生态系统的担忧。

Meanwhile, competitors have been gaining ground in specific areas. Tron is emerging as a preferred network for stablecoin transactions, while Solana is rising as a DeFi hub, especially within the memecoin market. Both networks have edged Ethereum in total fees generated over the past three months, Token Terminal data shows.

同时，竞争对手在特定领域已经取得了基础。 Tron正在成为用于Stablecoin交易的首选网络，而Solana则是Defi Hub，尤其是在Memecoin市场中。令牌终端数据显示，这两个网络在过去三个月中产生的总费用都削弱了以太坊。

Beyond onchain factors, internal conflicts within the Ethereum Foundation have also cast uncertainty over the network.

除了Onchain因素之外，以太坊基金会内的内部冲突也对网络产生了不确定性。

In January, Ethereum co-founder Vitalik Buterin took sole authority of the Ethereum Foundation’s leadership amid criticism of executive director Aya Miyaguchi and conflict-of-interest concerns over researchers’ paid advisory roles at EigenLayer.

一月份，以太坊联合创始人Vitalik Buterin在对执行董事Aya Miyaguchi的批评和对研究人员在Eigenlayer的付费咨询角色的批评中掌管了以太坊基金会的领导地位。

However, Ethereum bulls seem unfazed by the concerns. Accumulation addresses scooped up 330,705 ETH ($833 million) on Feb. 7, the largest single-day inflow ever recorded, according to CryptoQuant.

但是，以太坊公牛似乎对这些担忧并不感到困扰。据CryptoFuntoant称，累积地址为2月7日，占有330,705 ETH（8.33亿美元），这是有史以来最大的单日流入。