ETHEREUM ecosystem has seen a significant decrease in Gas feesWith a decrease of up to 95 % in the year following the introduction of the DENCun update.
This result highlights the success of the changes made on the network to improve them The ability to expand and accessibleReducing the costs of transactions on Layer 2 Solutions.
Gas fees decreased dramatically after the Dencun update on Ethereum
Dencun update, was implemented on March 13, 2024Participating two important development: CancunWith regard ImplementationAnd DenebFocus on Consensus.
Moreover, nine proposals were made to improve ETHEREUM (EIP), which improved different aspects of the network’s infrastructure.
One of the main objectives of the update was to reduce transactions fees, a historical obstacle to adoption on a large scale Blockchain.
Data from Ycharts It shows that Average gas fee It has decreased from 72 Joy In March 2024 to the current 2.7 GWEIIt is a change to make Ethereum more competitive in the cryptocurrency scene.
Before updating, fees for Slave on ethereum Average 86 dollarsWhile selling Nft Average cost costs 145 dollars.
However, the latest data from ETHERSCAN It shows how the costs are much more Incoming today:
- – 0.39 dollars per exchange
- – $ 0.65 to sell NFT
this substantial The reduction leads to an increase in Blockchain’s dependence, making it easier even for users who have smaller budgets.
Decreased the price of the ether 53 %
despite A significant decrease in gas feesThe Ether value (ETH) has witnessed a sharp decrease throughout the year. From March 2024 to March 2025, the price decreased from 4,070 dollars To 1900 dollarsOn the occasion of a decrease of 53 %.
Dominic Hars, co -founder of Build on Bitcoin (BOB), commented on the situation by highlighting how It was the weak performance During this period.
The most prominent of this is between explosion to Mimikoen on Solana and Market fluctuationThe sector is looking for A new, more sustainable and safe model For decentralized financing (Defi).
The next main network upgrade, Pectra, has recently been activated on Cibulia Testnet. However, the developers initially faced Error messages and Empty luminous blocks.
Developer Marius van der and find He explained that as soon as these technical problems are solved, it will be brought in Petra Important improvements To Ethereum. particularly:
- – An increase in the data space for layer solutions 2
- – Reducing the costs of transactions
- – The implementation capacity is greater
Despite progress, Van Der Wijden warned that Ethereum loses the land Also move to Blockchain for developers. This confirmed The Petra will not be a permanent solutionBut just another step in the network improvement journey.
Ethereum between innovation and market pressure
Although the DENCUN update may significantly improve the efficiency of the network, The collapse of the ether price And the difficulties in maintaining a dominant position Highly important Ethereum challenges.
The following year will be very important to assess the total impact of these updates and the future of the Blockchain ecosystem.
