Ethereum Records Lowest Gas Fees Since 2016 Amid Higher Efficiency and Strong Transaction Activity

Ethereum’s gas fees have plummeted to their lowest levels since 2016, a major milestone for the network. The current average gas fee is 3 Gwei ($0.14), highlighting a significant decrease in transaction costs. Brian Smocovich, founder of Pistachio Fi, notes that the Ethereum gas market has become more efficient, citing the EIP-4844 upgrade. Discover why