$ETH onchain volume just collapsed 83% year-over-year
Aug 2025: $350B
Aug 2026: $60B
That's not a dip. That's a structural breakdown.
Either liquidity migrated to L2s/alts, or the entire DeFi narrative is bleeding out. Watch how this plays into the next cycle—volume precedes price action, and right now the signal is bearish as hell.
Aug 2025: $350B
Aug 2026: $60B
That's not a dip. That's a structural breakdown.
Either liquidity migrated to L2s/alts, or the entire DeFi narrative is bleeding out. Watch how this plays into the next cycle—volume precedes price action, and right now the signal is bearish as hell.
