USDT Holders De-Risk as Ethereum Fees Hit Lows
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Ethereum Sees Sharp USDT Wallet Drop as Network Fees Collapse
TL;DR Ethereum-based USDT has lost 251,350 non-empty wallets in just 11 days, according to Santiment data. Average Ethereum transaction costs have fallen from $0.72 in April to $0.095, an 86.8% decline. The combination of cheaper mainnet transactions, expanding Layer-2 capacity and shifting USDT balances shows how Ethereum’s liquidity landscape is changing. Ethereum is seeing two major on-chain trends move in opposite directions. The network ha…
USDT Holders De-Risk as Ethereum Fees Hit Lows
The post USDT Holders De-Risk as Ethereum Fees Hit Lows appeared first on Coinpedia Fintech News Ethereum is showing a strange split right now. Per Santiment data, on the Ethereum chain USDT has lost 251,350 non-empty wallets over 11 days, marking its steepest short-window decline since the post-FTX market upheaval in December 2022. At the same time, Ethereum fees have fallen to just $0.095 per transfer. USDT Wallets Are Shrinking Fast …
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapTether loses 251,350 Ethereum-based USDT wallets in 11 days
The decline in Ethereum-based USDT wallets may signal market shifts, potential consolidation, or migration to other blockchains, impacting liquidity.
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