๐จ๐จ #GasFee ๐จ$ETH ๐จ๐จ
๐๐ฅ Ethereum Transaction Fees Hit Multi-Year Lows!
๐ฐ Lowest Fees Since 2020: Ethereumโs average transaction fee has dropped to $0.77, a 70% decline from last weekโs $2.57!
โฝ Gas Prices Plummet: The median gas price hit 1.19 Gwei, the lowest since January 2020!
โก Layer-2 Networks Leading the Way: Thanks to the Dencun upgrade, more users are shifting to Layer-2 solutions, reducing congestion on the Ethereum mainnet.
๐ On-Chain Volume Down: Ethereumโs on-chain transaction volume fell 46% to $4.19 billion, indicating lower network activity.
๐ Cheaper Transactions = More Adoption? Lower fees make Ethereum more attractive for DeFi, NFTs, and dApps, potentially fueling the next wave of innovation!
๐ Source: Cointelegraph