Blockchain Transactions Rise as Fees Fall Across Major Networks

Data from Nansen indicates that major blockchain networks, including Bitcoin, Ethereum, Polygon, and Arbitrum, experienced month-over-month increases in transaction counts during December, even as their fee revenues sharply declined. This divergence suggests that recent scaling upgrades, such as Ethereum's block gas limit increase and the Fusaka upgrade, alongside rollups and cheaper execution environments, are successfully expanding capacity and reducing competition for block space. For instance, Ethereum transactions rose 16% while fees dropped 57%, and Polygon saw an 82% transaction jump with a 47% fee reduction. Conversely, networks like BNB Chain, Base, and HyperEVM experienced simultaneous declines in both activity and fees, reflecting a general cooling in the broader crypto market. Solana remained the busiest network but still saw a 21% decrease in transactions.

(Source：Cointelegraph)