Both the transaction count and the number of active wallet addresses on Ethereum have seen a decline, indicating a decrease in overall network usage.
Ethereum Layer 2 solutions experienced significant growth in August, processing far more transactions than the base chain. Specifically, Xai and Base have processed over 286.9 and 122.6 million transactions in the past 30 days, respectively, dwarfing Ethereum’s 32.9 million.
Ethereum maintained its dominance in NFT sales volume, reaching $127.7 million in sales volume despite a slight decrease of 10% compared to July.