#GasFeeImpact
đč How do gas fees affect the market?
â Increase in gas fees â can slow down activity as users avoid costly transactions.
â Decrease in gas fees â encourages an increase in transactions, which boosts the use of decentralized applications (dApps).
â Network congestion â leads to large fluctuations in fees, as seen during peak periods on Ethereum.
â Token burning and impact on prices â in certain networks like Ethereum after EIP-1559, the burned gas fees reduce supply and increase the asset's scarcity.