©Reuters
ether (ETH) fell on Dec. 16 and the pre-FOMC rally to $1,350 was erased after Federal Reserve Chair Jerome Powell issued hawkish statements following a 0.50% rate hike.
The ether selloff follows a market-wide decline that has sent Network fees down 39.90% over the last 30 days.
Daily Ethereum network fees and daily active users. Source: TokenTerminalTotal USD value locked on the Ethereum network. Source: DefiLlamaEthereum supply. Source: ultra sound moneyEthereum network DeFi protocols sorted by market cap. Source: DeFiLlama
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