Recent news indicates that Ethereum gas fees have plummeted to historic lows. According to Etherscan, the average mainnet gas fee has fallen to 4 Gwei, about $0.21, with some transactions costing as little as 3 Gwei, around $0.14. Additionally, Layer 2 solutions such as Optimism, Base, Arbitrum, and Linea are seeing transaction fees below $0.01.
Everyone hopes that the gas fees won't be as crazy as it was like on 2021 bull run. Too many projects have made the fees so high and congested the network. But I am worried if this time, there will be more projects that are into Ethereum network and will make bunch of transactions that shall clog the network. Because that's the reason always why the gas fees are catching up, due to the demand that it is getting from various projects that are running transactions through its network. I hope that we don't get back to the former when there are interesting projects that people would like to make transactions as required. Especially on the gaming part, there have been a lot of people that are playing a lot of games that have been run by this network. And if we go back to the former, I am sure that there will still be a lot of people doing their own thing and will pay these high transactions a.k.a gas fees.