What does it mean when Monad chain transaction fees continue to decrease, dropping 95% from the peak?

Question

【ChainWen】Monad's recent on-chain performance has attracted attention. According to Defillama's on-chain data, the transaction fee revenue of this emerging public chain has fallen below the $5,000 mark for five consecutive days. On December 15th, the exact figure was only $3,824, representing a significant decline.In contrast, a stark difference is that on November 25th, Monad's transaction fee revenue soared to a historic high of $42,300. From the peak to now, the decline exceeds 90%.What does this intense fluctuation reveal? On one hand, it indicates that new chains are prone to experiencing periods of concentrated traffic in their early stages. On the other hand, it also suggests that the sustainability of the on-chain ecosystem and user retention still require observation. A sharp drop in transaction fee revenue usually means on-chain activity is decreasing, DApp usage frequency is declining, or early participants' enthusiasm is waning. For Monad's long-term development, how to stabilize and gradually increase on-chain economic activity, and maintain ecosystem heat, will be the key in the upcoming period.

DAOdreamer · Accepted Answer

Transaction fees plummeted by 95%? How cold does it have to get? It feels like Monad cooled down before it even heated up.

ZenMiner · Answer

Oh no, Monad, what's going on? Transaction fees have plummeted by 95%. How tragic is that?

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A 95% drop... No wonder it feels so quiet. Where did the users go?

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Only earning around $3,000 a day. The vitality of this chain is truly gone.

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It's a common problem with new chains: once the hype passes, no one plays anymore.

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Stably increasing on-chain activity? Easier said than done. The real issue is how to retain users.

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Unable to break 5,000 for five consecutive days. These numbers really hurt to look at.

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I'm a bit regretful for following this chain. It feels like it's going to cool off.

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Fallen from the peak to this point, it's time to reflect on your product, right?

ThreeHornBlasts · Answer

Trading fees plummeted by 95%... How tragic is that, truly a cliff in activity

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What’s going on with Monad? Where have all the users gone?

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Just a few months ago, it dropped like this. I’m worried about this chain

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To stabilize economic activity, you need popularity first. These numbers are too ugly right now

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$3824 per day... Feels even worse than the daily trading volume of some small coins

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Another "the key to the future is"... Let’s fix the current problems first

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On-chain activity is so low that the development team must be anxious

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A 95% decline... That’s a bit heartbreaking

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Just don’t know when it will rebound

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Can it still be saved? I’m a bit worried

StableGenius · Answer

lmao monad went from "we're different" to "please come back" in like... what, 3 weeks? 95% fee collapse is actually a masterclass in how vapid hype doesn't survive contact with reality, contrary to popular belief among the discord warriors

ngl the real tell here is user retention, not the fees themselves. fees tank when nobody's using it. inevitable.

MrRightClick · Answer

Transaction fees plummeted by 95%? Doesn't that indicate there might be an issue with the project itself? No one is using it anymore.

LiquidationWatcher · Answer

ngl monad's looking sus rn... 95% fee collapse? that's not a dip, that's a full liquidation event waiting to happen. been there with failed chains before and this smell hits different

BlockchainTherapist · Answer

Transaction fees plummeted by 95%? Is this directly indicating that Monad is already cooling off... Where have all the users gone?

CryptoPunster · Answer

Transaction fees plummeted 95% from their peak, this is called going straight from heaven to hell with no stops in between.

Users have all left, leaving only us onlookers, the remaining newbies.

Monad's move can be considered a textbook example of "how to quickly scare off users."

Laughing as we lose everything on this round, then continuing to look forward to the next get-rich-quick opportunity.

Whether the chain dies or not, my money is already dead anyway.

What does it mean when Monad chain transaction fees continue to decrease, dropping 95% from the peak?

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