According to Token Terminal data, since March 2024, Ethereum Layer 1's daily revenue has experienced a significant decline, sharply reducing from over $35 million at its peak to around $200K on September 2nd. This marks the lowest point of daily revenue for the year. Notably, Ethereum's current daily fee income of $200K, equivalent to an annual $73 million, is negligible compared to its massive $300 billion market cap. This trend not only highlights the volatility of the cryptocurrency market but also challenges Ethereum's economic model and future growth potential.