The average gas fee on Ethereum is currently at 0.01 USD, marking a significant drop from 11 USD earlier this year. A token swap costs 0.19 USD and NFT sales cost 0.33 USD, reflecting a shift in user activity.
The decrease in gas fees is linked with declining activity on the Ethereum network, as many users are moving to Solana and other blockchain platforms. This increased competition poses challenges for Ethereum’s dominance in the smart contract ecosystem.
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