In the past three weeks, Ethereum network fees and ETH destruction have surged, and the number of active accounts has fallen to a low point for the year

In the past 3 weeks, Ethereum transaction fees (7-day moving average) have skyrocketed. The data shows that its fee was $3.52 on September 21, more than triple the $0.85 on September 1. The recovery in transaction fees has also increased the destruction rate of Ethereum, which increased from 80.27 ETH on September 1 to 1,360 ETH on September 21, an increase of 1600% in three weeks.
Despite the surge in transaction fees and destruction volumes, active accounts on the Ethereum network (7-day moving average) have plummeted to their lowest value so far this year, down 11% from the beginning of the month. There are currently around 385,000 active accounts on the network, the lowest value since December 1, 2023.