{"id":38398,"date":"2025-03-14T10:00:21","date_gmt":"2025-03-14T07:00:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38398"},"modified":"2025-03-14T07:48:47","modified_gmt":"2025-03-14T04:48:47","slug":"huge-drop-in-ethereum-average-transaction-fees","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/huge-drop-in-ethereum-average-transaction-fees\/","title":{"rendered":"Huge Drop in Ethereum Average Transaction Fees!"},"content":{"rendered":"

Ethereum<\/strong> has seen a 95% drop in average transaction fees<\/strong> one year after the Dencun upgrade<\/strong>. According to Etherscan<\/strong> data, the average cost of a token swap is now just $0.39<\/strong>, compared to approximately $86<\/strong> one year ago.<\/p>\n

The Dencun upgrade<\/strong>, launched on March 13, 2024<\/strong>, is considered one of the most significant improvements to Ethereum\u2019s network. The upgrade combined the Cancun<\/strong> upgrade on the execution layer and the Deneb<\/strong> upgrade on the consensus layer, implementing a total of nine Ethereum Improvement Proposals (EIPs)<\/strong>. The primary goal was to enhance Ethereum\u2019s scalability<\/strong> and reduce transaction costs<\/strong> for layer-2 networks<\/strong>.<\/p>\n

According to YCharts<\/strong> data, the average gas fee on Ethereum has fallen from 72 gwei<\/strong> in 2024 to just 2.7 gwei<\/strong> as of March 12, 2025<\/strong>. NFT sales, which had averaged $145<\/strong> in gas fees last year, now only cost around $0.65<\/strong>.<\/p>\n

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