Recently EthereumAlthough it is not certain at the meeting organized by the developers Merge A date signal was given for Not long after this date was announced, changes began to be felt in gas prices.
Blockchain data platform dune AnalyticsAccording to data released by EthereumThe seven-day average gas price has dropped to the lowest level this year.
During last year’s bull market, Ethereumthe network consistently averages 40 dollars He was struggling with such high wages. This event led to the rise of alternative platforms like Solana, and it had become unaffordable. One of the most active cryptocurrencies ETHDespite experiencing a significant rise in the past week, ETH gas fees have not seen the high levels they used to.
Will Ethereum Merge Reduce Gas Fees?
Ethereum The blockchain network has become quite inefficient as it is one of the most active. However, even though it will consume much less energy with the transition to Ethereum 2.0, it is highly likely that there will not be a full decrease in gas fees.
DeFi chief earlier this month vivek Raman announced that the aforementioned fees would not have much of a function of the consensus mechanism. Therefore, users will have to use layer-2 solutions to spend less money on their transactions.
