🚨🚨 #GasFee 🚨$ETH 🚨🚨

📉🔥 Ethereum Transaction Fees Hit Multi-Year Lows!

💰 Lowest Fees Since 2020: Ethereum’s average transaction fee has dropped to $0.77, a 70% decline from last week’s $2.57!

⛽ Gas Prices Plummet: The median gas price hit 1.19 Gwei, the lowest since January 2020!

⚡ 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.

📉 On-Chain Volume Down: Ethereum’s on-chain transaction volume fell 46% to $4.19 billion, indicating lower network activity.

🚀 Cheaper Transactions = More Adoption? Lower fees make Ethereum more attractive for DeFi, NFTs, and dApps, potentially fueling the next wave of innovation!

🔗 Source: Cointelegraph