It seems to me from my ignorance as a newbie. It seems to me that this is mostly due to the large amount of cryptomonniques that exist today. It's as if we used to have a pipe with a single faucet, there would be a lot of flow through that single faucet, now there are many faucets and many pipes. It is saturated and lowers interest, but will always have some growth.
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True spread out across all is very possible not really hard to pull those numbers however for all major crypto currencies all transactions are down back to 2016 levels.