Ethereum's daily trading volume soars to an all-time high, while Gas fees drop to a new low

According to a report by TheBlock, data shows that Ethereum trading activity has surged significantly since mid-December, with the seven-day moving average trading volume nearing 2.5 million transactions, reaching an all-time high, almost double that of the same period last year.

Meanwhile, the average gas fees have dropped to a significantly low point, currently around $0.15, the lowest level in the modern history of the network. Etherscan's gas data indicates that transaction fees are expected to be even lower, with the average gas fee for swap transactions on Sunday being approximately $0.04.