{"id":134447,"date":"2024-07-30T09:00:15","date_gmt":"2024-07-30T06:00:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134447"},"modified":"2024-07-30T01:44:00","modified_gmt":"2024-07-29T22:44:00","slug":"ethereum-gas-fees-plummet-to-historic-lows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-gas-fees-plummet-to-historic-lows\/","title":{"rendered":"Ethereum Gas Fees Plummet to Historic Lows"},"content":{"rendered":"<p>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, per data from <strong><a href=\"https:\/\/etherscan.io\/gastracker\" target=\"_blank\">Etherscan<\/a><\/strong>. Layer 2 solutions, including Optimism, Base, Arbitrum, and Linea, also see fees below $0.01 according to <strong><a href=\"https:\/\/www.gasfees.io\/\" target=\"_blank\">Gasfees.io<\/a><\/strong>.<\/p>\n<p>This reduction in fees is largely due to increased use of Layer 2 scaling solutions and the blob transactions introduced in the Dencun hard fork in March, which have helped lower transaction costs.<\/p>\n<p>The decline in gas fees has resulted in fewer ETH being burned, making the network inflationary. Over the past month, the network&#8217;s supply increased by more than 60,000 ETH.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/solana-eyes-200-mark-amid-rising-momentum-and-bold-predictions\/\" title=\"Solana Eyes $200 Mark Amid Rising Momentum and Bold Predictions\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/12\/solana-sol-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Solana Eyes $200 Mark Amid Rising Momentum and Bold Predictions<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The recent approval of eight new <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>ETFs by the SEC, including the conversion of Grayscale\u2019s ETHE fund, has further complicated the ecosystem. These ETFs attracted over $1 billion in inflows within four days of trading, despite a $1.5 billion outflow from Grayscale&#8217;s ETHE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ethereum network is currently experiencing a significant drop in gas fees, impacting both mainnet and Layer 2 transactions.<\/p>\n","protected":false},"author":3,"featured_media":50565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-134447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum Gas Fees Plummet to Historic Lows<\/title>\n<meta name=\"description\" content=\"The Ethereum network is currently 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