The 7-day moving average of Ethereum transaction volume has dropped by about 55% in the past month

According to data from TheBlock dashboard, the 7-day moving average of daily transactions on the Ethereum network has dropped by about 55% over the past month, from $6.56 billion on July 26 to $2.9 billion today. Ethereum's monthly transaction volume in July was $134.71 billion, while August's transaction volume is currently only $91.46 billion, with 5 days left in the month.