Ethereum Gas Fees Plunge to 5-Year Low as On-Chain Activity Slows🚨
Ethereum's average transaction fee has dropped to just $0.168, marking its lowest level in five years. This sharp decline reflects a broader slowdown in network activity, as fewer users are initiating transfers or interacting with smart contracts.
Market analysts link the drop to growing global economic uncertainty, which has dampened risk appetite among traders and developers alike.
Despite the cautious sentiment, optimism remains. The upcoming Pectra network upgrade is expected to enhance Ethereum’s performance and may reignite user engagement, potentially driving transaction volumes—and fees—higher once again.