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.
yea everytime there's rally, the tx fee increases, even TGE event as small as some random project already can cause the gas fee of ETH to go up to around 20 gwei and even more.
this network is just too unreliable to be used for daily purpose because the never ending fee problem. the eth fee plummet maybe because the blockchain is getting unusually lower transaction and only got the metric inflated by the blob transaction from l2 settlement, the real tx that interacts with defi protocols aren't so much so the fee is going down.
now that BTC bull is starting again, fee going up again, kinda shows that ETH is unsolved piece of puzzle.