#Gas费影响 Gas fee impact: on-chain transaction costs and market activity

Market sentiment has warmed up recently, on-chain transaction volume has increased, and Gas fees have also fluctuated accordingly. The following are the key influencing points:

1. Ethereum Gas fee trend

✅ Recent rise: Due to active DEX transactions, the recovery of NFT transactions, and the hype of Meme coins, the ETH mainnet Gas fee has shown an upward trend.

✅ Increased L2 demand: Arbitrum, Optimism, Base and other L2 transaction volumes have increased, and users are looking for lower-cost on-chain transaction methods.

⚠️ Fee peak: Some on-chain activities (such as SHADOW DEX and S chain ecology) have caused Gas fees to soar in a short period of time, which may affect the frequency of retail transactions.

2. The relationship between the altcoin market and Gas fees

✅ The new coin craze has pushed up Gas fees: $KAITO, $IP, $J and other new coins have risen sharply, the frequency of on-chain transactions has increased, and Gas demand has increased accordingly.

✅ On-chain short squeezes (such as BERA, IP) drive DeFi activity and increase Gas demand for lending and DEX transactions.

⚠️ High Gas fees may inhibit short-term transactions, especially users with small amounts of funds may reduce on-chain operations, affecting the liquidity of some Meme and altcoins.

3. DeFi & NFT Ecosystem Impact

✅ LSD (liquidity pledge) funds increase: ETH pledge volume increases, driving Gas demand and also increasing liquidity lock-in rate.

✅ NFT transactions pick up, and some blue-chip NFT transaction volumes rebound, increasing Gas fee pressure.

⚠️ High Gas fees may affect DeFi user experience, and some users may turn to L2 or other low-Gas-fee public chains (such as S chain, BSC).

4. Summary of the impact of gas fees on the market

✅ The rise in ETH mainnet gas fees indicates an increase in on-chain activity

✅ The growth in L2 transaction volume, users are looking for low-cost trading solutions

✅ The demand for gas is increased by altcoins, meme coins, and short squeezes

⚠️ Excessively high gas fees may inhibit small transactions and affect retail investor activity

⚠️ High gas may cause some funds to shift to low-fee public chains

Key observation points: whether ETH mainnet gas fees continue to rise, whether L2 adoption continues to increase, and the impact of gas fees on short-term transactions.

Do you think high gas fees will affect the sustainability of this round of altcoins?