This week, the Ethereum network fees reached $116 million, a 41% decrease from the previous week

Data shows that the Bitcoin network fees this week were approximately $17.2 million, a 15% decrease from last week; Ethereum network fees were about $116 million, down 41% from last week, indicating a significant slowdown in Meme coin speculation. Bitcoin had a net outflow of $380 million from exchanges, slowing down compared to over $700 million last week. In addition, ETH recorded its largest single-week net inflow into CEX since September 2022 (approximately $720 million).