Why are the number of eth transactions dropping?

I know crypto trades to its own drum but I like to look at the number of transactions as an easy proxy for the fundamental health of the network.

It’s a little worrying that the number of transactions on ethereum and all the other cryptos has stagnated and started to drop in some cases.


Is this because a lot of the transactions involve moving money from one crypto to another and that’s taken a hit with the prices coming off or is it just due to less adoption? Anyone else find this concerning ?