#GasFeeImpact Gas fees are the transaction costs required to process operations on blockchains like Ethereum, BNB Chain, and Polygon.
#GasFeeImpact highlights how these fees affect user adoption, DeFi activity, NFT trading, and network congestion.
High gas fees can deter users from small transactions, minting NFTs, or using DeFi protocols, while low fees encourage higher transaction volumes and ecosystem growth.
Solutions like Ethereum Layer-2s (Arbitrum, Optimism) and blockchain upgrades (EIP-1559, Proto-Danksharding) aim to reduce fees and improve scalability.