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🪙 Crypto
Ethereum, Solana and Avalanche get cheaper to use but tokens down over 50% year-on-year
According to a Bitwise report, on-chain activity on Ethereum, Solana and Avalanche has increased and transaction costs have fallen, even as ETH, SOL and AVAX token prices are all down more than 50% compared to a year ago. Rising activity alongside declining revenues points to pressure on network profitability. Cheaper and more frequent transactions may signal maturing infrastructure, but have not translated into token price gains.
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