- Ethereum network fees are now at $0.09, which makes sending transactions much cheaper.
- ETH trading volume surged as buyer interest returned, signaling a potential shift in momentum.
- Fewer fees and better upgrades have made Ethereum faster and easier to use than before.
Ethereum transaction fees have dropped to just $0.09, while its market price surged to $2,612.76, reflecting renewed network activity and investor confidence. Real-time gas metrics reported by Crypto Rover on X confirmed Gwei rates as low as 1.615 for low-priority transactions. Simultaneously, CoinMarketCap data showed a 2.94% price gain in 24 hours, driven by growing demand and favorable fee conditions.
Transaction Fees Reach Historic Low
Ethereum’s average and high-priority transaction fees were recorded at 1.665 Gwei and 1.948 Gwei, respectively. Priority additions remained minimal. Base fees stayed stable at 1.615 Gwei, indicating reduced congestion. These figures represent one of the lowest network costs in Ethereum’s recent history.
Such low fees highlight a sharp shift from prior congestion periods. Transaction delays and high charges previously hindered everyday users. Now, gas fees below $0.10 reflect broader accessibility. This trend enhances Ethereum’s value for both new and returning users.
On-Chain Data Supports Decline in Fee Pressure
Data from Coinglass further confirms Ethereum’s lowered transaction fee burden. As of February 18, 2024, total network fees stood at 3,592.31 ETH. At the same time, Ethereum traded at $2,767.71, showing fee compression despite price stability.
Between 2020 and 2022, on-chain fee spikes often exceeded 10,000 ETH, driven by intense DeFi and NFT activity. However, from 2023 onward, transaction fees fell sharply. By 2025, daily network costs typically remained below 2,000 ETH, averaging just $1–$2.
The Dencun upgrade and Layer-2 adoption played key roles. These solutions offloaded mainnet congestion and optimized gas expenditure. Consequently, Ethereum’s on-chain environment has become significantly leaner and more cost-effective.
Related: Ethereum Foundation Unveils Trillion-Dollar Security Initiative
Price Action Mirrors Efficiency Trends
As per CoinMarketCap, Ethereum’s market cap stood at $315.43 billion, with $25.73 billion in volume traded over the past day, with a rise of 9.74%. ETH managed to have its FDV equal its market cap, and its circulating supply remained the same at 120.72 million.
The price of ETH dropped to just under $2,550 early on Thursday but rallied quickly thereafter. The price momentum on May 15 led the market to open positively the next morning. Could the recent fee reduction on Ethereum be a sign that the bull market is starting to pick up?
