On August 6th, according to The Block data, the number of network transactions on Ethereum has dropped to a five-month low, with a seven-day moving average transaction volume of 1.12 million transactions per day. More and more activity is currently being transferred to the Layer 2 network. Among them, Coinbase's Layer 2 network Base has the highest transaction volume, with a seven-day moving average transaction volume of 3.83 million.