#GasFeeImpact Gas fee impact refers to the effect of transaction fees (gas fees) on activity on a blockchain, especially on networks like Ethereum. Gas fees affect:
1. Transaction Costs: High gas fees can discourage users from making transactions or using dApps.
2. Transaction Speed: Higher gas fees are often required for faster transactions.
3. Network Adoption: High fees can hinder network adoption by small users and affect the attractiveness of a project.
High gas fees can affect liquidity, user participation, and investment decisions.