Wu learned that according to 1kx analyst @ Mausefrle25, ETH prices are close to ATH, but the main network's fee income remains the same as May this year, when ETH prices were more than 50% lower than they are now. Ethereum has significantly reduced its L1 costs after two major upgrades, Dencun and Pectra, resulting in a decrease in fee revenue from over $100 million per week to a low of several million dollars; For the first time, prices have been decoupled from transaction fee income; The premium of L1 is related to settlement dominance, not expensive block space. Ethereum's pursuit of ecosystem scale and Rollup adoption to replace the 'scarcity' narrative is a turning point, proving that a chain can rise without high L1 income, and warning those who see high fees equal high token prices as a universal law. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=47220