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Ethereum’s base layer demand softened in November, but ETH’s underlying price supports and strong layer-2 growth show the network still has momentum despite a drop in fees and TVL.
Key takeaways:
Ethereum’s base layer activity has cooled, with fees and TVL dropping, showing slower demand despite the recent price recovery.
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Layer-2 networks are growing rapidly, helping to support Ethereum even as base layer usage weakens and traders remain cautious.