ETHEREUM USERS PAY ONLY $0.04 PER TRANSACTION AMID REDUCED ACTIVITY
The Dencun upgrade in 2024 significantly reduced fees for layer-2 solutions but also caused Ethereum’s base-layer revenue to drop by 99%, raising questions about the network’s long-term sustainability. Ethereum network fees have now plunged to some of their lowest levels in years, with gas prices falling to 0.067 Gwei on Sunday as on-chain activity slowed…