Cryptocurrency Q&A
Why is Ethereum gas so cheap?
Why is Ethereum gas so cheap?
DongdaemunTrendsetting
Sun Nov 17 2024
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7 answers
1854
I'm wondering why the gas fees on Ethereum are currently so low. Is it due to a decrease in network activity, an improvement in the Ethereum network's efficiency, or some other factors?
7 answers
CryptoProphet
Tue Nov 19 2024
The Dencun upgrade has played a significant role in altering the transaction landscape on Ethereum.
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Tommaso
Tue Nov 19 2024
Since the implementation of the Dencun upgrade, average gas prices on Ethereum have seen a notable decrease.
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KatieAnderson
Tue Nov 19 2024
Specifically, the reduction in gas prices has been approximately 92%.
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Margherita
Tue Nov 19 2024
The decline in transaction costs is attributed to the migration of activities from Ethereum's base layer.
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Eleonora
Tue Nov 19 2024
This shift has been particularly evident after the Dencun upgrade in March.
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