Ethereum gas fees have fallen to a five-year low, with the median daily gas fee below 1 Gwei

As of August 23, Ethereum gas fees have reached a five-year low, particularly highlighted by the median daily gas fee being under 1 gwei for the past week.

On August 16 and 17, Ethereum recorded median gas fees of 0.396 gwei and 0.432 gwei, marking the lowest and third lowest in five years, reflecting a notable trend as ETH peaked in value.