Gas fees drop to five-year low as Ethereum reaches all-time high, daily median below 1 gwei

According to @hildobby's data dashboard, as ETH reaches an all-time high, Ethereum network Gas fees remain at historically low levels. In the past week, the daily median Gas fees have been below 1 gwei, with values of 0.396 gwei and 0.432 gwei on August 16 and August 17, respectively, marking the lowest and third-lowest daily Gas fee median records in the past five years.