#GasFeeImpact The size of the Ethereum gas fees significantly affects the behavior of users and developers, as well as the overall activity of the network. High fees can discourage users and slow down the adoption of decentralized applications (dApps), while low fees encourage activity and attract new participants.

Gas Fee Rise

In November 2023, Ethereum gas fees reached record levels, exceeding $100 per transaction. This was due to increased demand for the network, caused in particular by BlackRock's application to create an Ethereum-based exchange-traded fund (ETF). High fees made transactions expensive, which could discourage ordinary users and developers. 

Gas Fee Reduction

In June 2024, the median gas fee on the Ethereum network dropped to a record low of 2.95 Gwei, the lowest in five years. This decline was driven by a decrease in user activity, technological improvements such as the implementation of the EIP-1559 update, and the active use of Layer 2 solutions such as Arbitrum and Optimism.Low fees