Ethereum Network Activity Hits Yearly Lows as Inflation Risks Mount

User activity on the Ethereum network has continued to decline, signaling weakening demand for the Layer-1 (L1) blockchain.  On Sunday, daily active addresses and new wallet creations fell to their lowest levels of the year, highlighting a steep drop in on-chain engagement. Ethereum Network Activity Crashes to YTD Lows as Inflation Risks Grow According to Glassnode, the daily count of active... source: https://beincrypto.com/ethereum-network-activity-falls-inflation-risks/