Gas费

Ethereum Gas fees drop by 95%, Pectra upgrade may be delayed

In the year since the Dencun upgrade, Ethereum's average Gas fee has significantly decreased by 95%. One year ago, during the Dencun upgrade, the average Gas fee for each Ethereum transaction reached as high as $86, while now it only costs $0.39. This significant improvement not only alleviates users' complaints about high transaction costs but also demonstrates the Ethereum network's progress in optimizing costs.

The issue of Ethereum Gas fees has always been criticized. During the last NFT speculative frenzy, Ethereum's Gas fees escalated to extreme levels, with transaction fees soaring to exaggerated amounts of two to three hundred dollars.

However, this problem has now been significantly alleviated, and even a year later, Gas fees remain at a low level.

These results indicate that after 19,546,213,230 days, the Gas fee issue of Ethereum has seen significant improvement, which is undoubtedly a positive sign for a large number of Ethereum users and also shows the progress of this upgrade in reducing transaction costs.

Recently, Ethereum is also expected to usher in a new round of the Pectra upgrade. This upgrade aims to further reduce Gas fees and enhance the ecosystem's extensibility and block processing capacity.

However, recently, error messages and empty block issues have appeared on the Sepolia test network, which may lead to a delay in its launch time.

Looking back at history, every major upgrade and hard fork of Ethereum has faced a small wave of delays, and we just hope that this Pectra upgrade can be completed soon to bring positive sentiment to the altcoin market.

In addition, the issue of Gas fees is not limited to the Ethereum ecosystem. During the meme coin craze on Solana, its Gas fees also rose sharply, indicating that all blockchain networks face the problem of rising Gas fees and slowing transaction speeds when transaction volumes surge.

Therefore, whether you are a supporter of ETH, Solana, or Cardano, you should not attack and insult each other but should focus on the healthy development of the entire ecosystem.

In summary, the health of Ethereum's ecosystem is crucial for the altcoin market because only when Ethereum remains stable and healthy can altcoins potentially experience a sustainable surge at some point in the future.

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The least can be seen.
Every time, a suitable entry position is given.
I don’t know how many people have entered the market.
The last interval was around 0.000155.
This time it is issued again. Those who entered the market in this interval can get out first, or maybe withdraw the principal.
Wait for a callback before entering the market.
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These positions can be arranged.
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The target remains unchanged, 10 times.
Long-term 100 times.
How many can be seen this time?
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🎉MetaMask launches new feature "Gas Station", allowing users to pay gas fees with multiple tokens

Great news in the crypto circle! MetaMask recently launched a new feature that allows users to pay gas fees with ERC-20 tokens, without having to buy ETH specifically, simplifying the transaction process, lowering the threshold, and improving convenience.

On February 5, MetaMask posted on X to announce a new feature called "Gas Station". This feature allows users to use multiple tokens to pay gas fees when performing MetaMask Swap smart transactions, eliminating the tedious steps of purchasing additional ETH in the past.

This new feature of MetaMask supports paying gas fees with tokens such as USDT, USDC, DAI, and ETH. When your ETH is not enough to pay the gas fee, you no longer need to buy ETH separately, which greatly simplifies the operation. The system also directly incorporates network fees into the quotation, making the trading experience smoother and more convenient.

The update has been launched on the MetaMask extension of the Ethereum mainnet, and the mobile version will be launched soon. The highlight is that it still provides the function of finding the best exchange rate from multiple liquidity providers, ensuring that users get a very competitive price.

Just as the MetaMask function was updated, the Ethereum network also had good news. Recently, the validator approved a major upgrade to Ethereum's gas limit, which was 30 million units before and will now soar to the planned maximum of 36 million units.

As of February 5, on-chain data showed that Ethereum's average gas limit reached 35.6 million units. This is the first adjustment after Ethereum switched to proof of stake (PoS) and the largest change since 2021.

The Ethereum network gas limit increased from 15 million to 30 million that year, and now it has been increased again. This move is aimed at enhancing the scalability of the network and reducing congestion to support the growing DeFi applications.

After all, the Gas limit directly determines how many transactions can be processed in each block. If the demand is overwhelming and the capacity cannot keep up, everyone can only rush to pay high gas fees to occupy the pit.

Now Ethereum has increased the gas limit to improve efficiency, so that each block can handle more transactions, making network transactions smoother!

💬Are you looking forward to MetaMask's new features and increasing the gas limit of the Ethereum network like me?Leave a message in the comment section and discuss!

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