Ethereum (ETH) Gas Fees Drop Below 1 Gwei ($0.06): Low Fees, High Usage, Great Success
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I have just crossed with the following Tweet that made me realize how Ethereum upgrades are really proving that they are a big success. As you can see in the image above Gwei is currently at 0.986 ($0.06) at High priority which is really cheap comparing with what we have seen in the past before. If you have been here for a long time you will understand, I suggest you to search your wallet address on Etherscan, click on Analytics tab and then on TxnFees tab to enjoy watching how much you paid on ETH gas fees in the past xD This low fees made me think that Ethereum transactions have decreased and are low right now so I decided to check it but I am quite surprised. Ethereum Daily Transactions Chart As you can see in the chart above Ethereum daily transactions are 2021 levels with 1,333,804 transactions yesterday. This confirms us that people are still using Ethereum actively even if the price is not in a great place. It also confirms us that all the upgrades released during this last years are working like a charm even if the inflation has raised a bit but I think that "problem" will be solved soon with some changes that are coming. Its also great to see how L2s are also working as expected in the whole Ethereum scalability roadmap absorbing traffic and reducing congestion on L1. This is bullish because it makes Ethereum competitive with other alternative chains, it is not suffering from low demand and keeps evolving. Source:
submitted by /u/kirtash93 |
