๐ Ethereum Gas Fees Drop 95% After Dencun Update! ๐ฅ
Ethereum has seen a massive reduction in gas feesโdown 95%โafter the Dencun update! This major improvement has made transactions on Ethereum cheaper and more accessible, boosting adoption.
๐ Gas Fee Drop Breakdown:
โ Before Dencun: $86 per swap, $145 per NFT sale
โ After Dencun: $0.39 per swap, $0.65 per NFT sale ๐
๐น Why the Drop? The update introduced Ethereum Improvement Proposals (EIPs) that optimized Layer-2 solutions, making Ethereum more scalable and affordable.
๐ฐ Butโฆ ETH Price Has Crashed 53%! ๐ฑ
Despite this positive change, ETH has dropped from $4,070 to $1,900, struggling against memecoins on Solana and broader market volatility.
๐ Whatโs Next?
๐น The upcoming Pectra update aims to further reduce transaction costs and enhance network efficiency. However, Ethereum is facing competition and must innovate to stay dominant.
๐ข Will Ethereum bounce back, or is it losing its edge? Drop your thoughts below! ๐๐ฅ
