#GasFeeImpact refers to the effect of transaction fees on blockchain users, particularly in networks like Ethereum. Gas fees are required to process transactions and execute smart contracts, fluctuating based on network congestion and computational complexity.

High gas fees can deter users from making small transactions, affecting DeFi, NFTs, and blockchain adoption. Layer 2 solutions like Optimism and Arbitrum, along with Ethereum’s shift to proof-of-stake, aim to reduce costs.