Ethereum network fees reached $116 million this week, down 41% from the previous week
According to IntoTheBlock data, the Bitcoin network fee this week was about $17.2 million, a decrease of 15% compared to the previous week. The Ethereum network fee was about $116 million, a decrease of 41% compared to the previous week, and speculation on Meme coins has slowed down significantly. Bitcoin saw a net outflow of $380 million from exchanges, which is a slower pace than the previous week's over $700 million. In addition, ETH set a record for the largest weekly net inflow to CEX since September 2022 (about $720 million).
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