#GasFeeImpact Ethereum's gas fees have experienced significant fluctuations, impacting user engagement and market dynamics. Following the implementation of EIP-1559, gas fees initially decreased, enhancing transaction predictability. However, recent surges in network activity have led to increased fees, prompting users to explore Layer-2 solutions for cost efficiency. These fee variations influence decentralized finance (DeFi) participation and non-fungible token (NFT) transactions, as higher costs may deter user activity. Currently, Ethereum (ETH) is trading at $2,728.27, reflecting a 0.45% increase from the previous close. Traders should monitor gas fee trends closely, as they directly affect transaction costs and overall market sentiment.