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Ethereum DApp Volumes Implode Into Black Hole of Irrelevance – Is Everyone Still Holding Onto Their ETH?

An illustration of an empty black hole with swirling clouds of grey gas at its center. A faint outline of the Earth can be seen in the distance, but it is small and insignificant compared to the vastness of space around it. The background is dark blue, representing the void of outer space. In the foreground, a few scattered stars twinkle like diamonds against the blackness. At the edge of the illustration, a faint line suggests the presence of other galaxies in the distance, but they are too far away to be seen clearly.

The world of crypto is one big rollercoaster ride full of ups and downs. And when I say down, I mean it literally – because who needs up anymore? The thrill-seekers among us will be happy to hear that Ethereum’s decentralized applications (DApps) have seen a 33% drop in activity over the past week. Because what’s more fun than watching your favorite apps gather dust.

Source: cointelegraph

Ether (ETH) has been trading within a narrow $230 range since Aug. 9, maintaining a solid support level at $2,550. However, this represents a 20% decline from three weeks ago, when ETH closed July above $3,300. This decline follows a broader contraction in cryptocurrency prices, but Ether is encountering specific challenges of its own. The Ethereum network’s decentralized applications (DApps) have seen a significant drop in activity over the past […]

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