The Current Situation has had a hit on Ethereum
This week has not been kind to the global cryptocurrency market, which has seen its market value slip below $2 trillion for the first time in many weeks. As a result, the price of ethereum is decreasing as a result of this.
On the contrary, throughout this period, the number of unique addresses on the Ethereum blockchain has declined by 9.9 percent, according to the most recent data.
Furthermore, according to statistics provided by crypto analytics platform Nansen on April 11, this proportion is larger than that of Binance Smart Chain (BSC), which has seen an 8.3 percent decline in value over the previous week despite having more active addresses overall.
This can be explained as a combination of the total cryptocurrency market capitalization drop as well as the high fees that ethereum experiences.