According to Bijie.com, Nansen data shows that major blockchain networks experienced increased transaction volume and decreased fees in December. Ethereum saw a 16% rise in transactions but a 57% drop in fee revenue, while Polygon recorded an 82% surge in transactions with a 47% decline in fees, indicating that scaling upgrades have effectively alleviated blockchain space competition.
Higher Activity, Lower Fees: December On-chain Data Reveals Trends
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Summary
On-chain data from December shows rising activity and falling fees across major blockchains. Ethereum processed 16% more transactions but saw a 57% drop in fee revenue. Polygon’s on-chain analysis reveals an 82% jump in transactions and a 47% fee decline. The results suggest scaling upgrades are easing network congestion.
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