#GasFeeImpact

The impact of gas fees:

Prohibitive costs:

* During times of high network congestion, gas fees can skyrocket, making small transactions economically unviable. This limits the use of cryptocurrencies for everyday transactions.

Volatility and uncertainty:

* Unpredictable fluctuation of gas fees adds uncertainty to transactions, making financial planning and using cryptocurrencies for regular payments difficult.

Barrier to entry:

* High gas fees can deter new users from entering the world of cryptocurrencies, especially those with limited budgets.

Impact on DeFi and NFTs:

* Gas ​​fees directly impact decentralized finance (DeFi) and non-fungible tokens (NFTs) by making transactions more expensive.