#CryptoFees101 As of June 7, 2025, Ethereum's transaction fees have reached historic lows, marking a major breakthrough in blockchain usability. Following the successful implementation of the Dencun upgrade in 2024, Ethereum’s average gas fees have dropped by 95%, falling from 72 gwei to just 2.7 gwei. This has reduced the average cost of a token swap from $86 to around $0.39, and NFT transaction fees from $145 to just $0.65. A major factor behind this improvement is the growing adoption of Layer 2 scaling solutions like Arbitrum, optimism, and base. These networks now handle over 1.5 million transactions per day, offering lightning-fast and low-cost activity with average fees as low as $0.15. While ETH's market price has declined since the upgrade, the drastic fee reduction is paving the way for broader adoption of decentralized finance, NFTs, and micro-transactions. Ethereum is now more scalable, accessible, and ready for mainstream use.
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