#GasFeeImpact Gas fees are transaction fees paid to miners on blockchain networks like Etherium to process and validate transactions. High gas fees can impact user experience and adoption, especially for small transactions as they increase the overall cost. They can deter new users and developers from engaging with decentralised applications (dApps) and conducting transactions. Conversely, lower gas fees can boost network activities, making blockchain technology more accessible and attractive. Gas fee fluctuations can also affect investment strategies, as traders need to account for these costs. Innovations like Etherium 2.0 and Layer 2 scaling solutions aim to reduce gas fees, enhancing efficiency and scalability, which could lead to increased adoption and broader use of blockchain technology.