That’s money spent on fees to execute a transaction. It’s usually relatively small to the amount of value transacted. If we assume a 1% fee burden, then Ethereu

That’s money spent on fees to execute a transaction. It’s usually relatively small to the amount of value transacted. If we assume a 1% fee burden, then Ethereum transferred $200M that day in value. And that’s low-balling it, the actual amount is probably in the billions. What you fail to understand is that Crypto is huge. $1Bn is a shit-ton-lot of money and the current market cap is $795Bn. Stables tokens alone account for around $100Bn of that. And keep in mind, on a relative basis, this is the worst crypto winter ever. The bottom is probably in or close. I think we’ll see prices rise up again mid-2023.