#GasFeeImpact 🎈Gas fees, primarily associated with blockchain networks like Ethereum, represent the cost required to execute transactions or smart contracts. High gas fees can significantly impact user experience, deterring small transactions and limiting accessibility for retail users. They also influence the efficiency of decentralized applications (dApps) and DeFi platforms, as excessive fees may reduce participation and liquidity. Conversely, lower gas fees encourage broader adoption and network activity. Gas fees fluctuate based on network congestion, demand, and blockchain scalability. Layer-2 solutions, such as rollups, and upgrades like Ethereum's transition to proof-of-stake (Ethereum 2.0), aim to reduce fees and improve scalability, enhancing the overall utility of blockchain networks.