Data shows that in the past 3 weeks, Ethereum's transaction fees (7-day moving average) have soared. The data indicates that its latest fee (September 2021) is $3.52, more than three times the $0.85 fee on September 1st.
The resurgence of transaction fees has also increased Ethereum's burn rate, with the number of Ether burned soaring from 80.27 ETH on September 1 to 1360 ETH on September 21, an increase of 1600% in just three weeks.
However, despite the surge in transaction fees and burning volume, network active accounts (7-day moving average) have dropped significantly to their lowest level so far this year, down by 11% from earlier this month. Currently around 385000 active accounts are at their lowest since December 1st ,2023.