#GasFeeImpact As of February 21, 2025, Ethereum gas fees have significantly decreased, reaching record lows. This reduction benefits Binance users by lowering transaction costs for Ethereum-based activities, such as token swaps and smart contract executions.

Conversely, the Binance Smart Chain (BSC) has experienced a slight increase in average gas prices over the past year. On February 20, 2025, the average gas price was 7.425 Gwei, a 29.21% rise from 5.747 Gwei on the same date in 2024. Despite this uptick, BSC gas fees remain relatively low compared to other networks, maintaining cost-effectiveness for users.

These trends suggest a favorable environment for Binance users, with reduced fees on Ethereum transactions and consistently affordable costs on the Binance Smart Chain.