In order to further demonstrate the current development status of Ethereum and the challenges behind the doubts, PAData, a data column under PANews, comprehensively analyzed the changes in Ethereum's transaction fees, Blob fees and Layer2 demand, and the changes in Ethereum's pledged and locked amounts.

In essence, each halving is another dynamic balance of market supply and demand. In this rebalancing process, what trends in market funds are worth paying attention to? How much pressure is the mining industry facing? What is the current demand side of Bitcoin?

The Bitcoin spot ETF received a total net inflow of approximately $1.208 billion in the six days after its listing, of which $628 million was net inflow on the first day. Although the spot ETF has injected new funds into the crypto market, it is still far from driving a new round of "institutional bull market".