🟢Ethereum transaction fees have dropped by 70%, marking the lowest level since 2020
🟢The average Ethereum transaction fee over 7 days has fallen by 70% to $0.77, the lowest level in the last four years. The median gas price also hit a record low of 1.19 GWEI on February 15. While lower fees often stimulate activity, the decline reflects weak demand as Ethereum's on-chain volume has dropped by 46% to $4.19 billion, the lowest level since November 2024.
