With gas prices so high, it will eventually be replaced. Now others have such low costs that your high fees are driving them away.

According to reports from Wu, the Ethereum network's Gas fees remained at historically low levels while ETH reached an all-time high. Over the past week, the daily median Gas fees were below 1 gwei. On August 16 and August 17, they were 0.396 gwei and 0.432 gwei respectively, marking the lowest and third-lowest records in the past five years.