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.
Couple of times that I become a victim of this networks issue of Ethereum and now I learn how to manage not relying in this network specially when. There is some growth in the market and so with that? I am now having multiple currency to use in terms of alt coins and that made me safer transacting when there is a hype like what happened couple of times this year.
Totally really depends on what are the coins that you've been that dealing into because there would really be those times or moments that you do get some coins on other various sources on which
you might be ending up on dealing with some erc20 on which gas fees is really that high specially if its a coin which does have that tons of transactions queued on which this really causes up that
kind of fee spike up. Actually its not really that new anymore into ETH and thats why there would really be those investors who doesnt really like on dealing up with it because the fees were high.
If we do really tend to observe about the intensity of meme coins that being created on such blockchain or lets say you could be able to distinguish on how many is really that trying to make coins on certain blockchains on which fees are also considered to be a turning point or really that having that considerations like on what we do see in solana network. Right?