#Gas费影响 In 2024, Ethereum's gas fee revenue reached $2.48 billion, ranking first among all blockchains. This data reflects Ethereum's important position in the blockchain field. However, Ethereum's gas fee also hit a record low in the same year, triggering different interpretations of this phenomenon in the market.

First, the reduction in gas fees may have an impact on Ethereum's price and inflation. In August 2024, Ethereum's average network fee fell to 2.15 Gwei, the lowest level in five years. This reduction in fees may have an impact on Ethereum's issuance and the amount consumed when using Gas, which may in turn affect prices. At the same time, due to the decline in network fees, the total supply of ETH has increased since April.

In addition, the reduction in Ethereum's gas fees may indicate that ETH is about to usher in a wave of big increases. On August 12, 2024, the gas fee on the Ethereum network fell to 2 gwei, and sometimes even less than 1 gwei. This phenomenon of low gas fees may be caused by insufficient demand for block space and users gradually turning to layer 2 expansion solutions.

It is worth noting that despite the reduction in gas fees, key indicators such as the number of daily transactions, active wallet addresses, and ERC-20 addresses of the Ethereum network remain healthy. This shows that despite the low gas fees, the Ethereum network remains active.

Overall, Ethereum's gas fee revenue performance in 2024 is strong, but the reduction in gas fees has raised market concerns about its impact on price and inflation, while also hinting at a possible upward trend.