#EthereumFuture $ETH Ethereum’s Fee Shakeup: Can New Proposals Revive Its Fading Edge?

Ethereum is facing mounting pressure — and now, two leading community figures, Kevin Owocki and Devansh Mehta, are pushing for a game-changing fee overhaul.

Their new proposal, introduced April 27, suggests a dynamic fee structure using a square root function to make fees fairer. Smaller funding pools would pay slightly higher fees (like 7% for a $170,000 project), while bigger pools over $10 million would see fees capped at just 1%. The goal? Support smaller builders without punishing success as projects scale.

Why Now?

Ethereum’s position as the top developer platform is slipping. In 2024, Solana drew in more new developers than Ethereum — and in April 2025, Ethereum fees hit a five-year low, signaling shrinking onchain activity and fading investor confidence.

Institutions are quietly scaling back their ETH holdings, and without a strong catalyst for recovery, Ethereum risks losing its first-mover advantage.

Bottom Line:

Owocki and Mehta’s proposal reflects a growing urgency: adapt or risk falling behind. A smarter, fairer fee system could help Ethereum reignite its developer ecosystem — but time, and competition, aren't waiting.