$TRX At $0.01, these fees are now cheaper than many Layer 1 blockchains, enhancing Ethereum's competitiveness.

*Key Implications

- Increased Adoption: Lower fees could drive more users and developers to the Ethereum network.

- Competitive Advantage: Ethereum's affordability may attract more decentralized applications (dApps) and users.

This development underscores Ethereum's efforts to improve scalability and reduce costs, potentially boosting its position in the blockchain ecosystem.