In a surprising turn of events for blockchain ecosystems, the transaction fees associated with the Ethereum network have fallen to their lowest point in nearly four years. Presently, the average cost per transaction on the Ethereum network has sunk to around $0.168—figures we haven’t observed since 2020. While this development might be welcomed by casual users and developers of Ethereum, it has unfolded in conjunction with a broader rearranging of the revenue generation chair across the top blockchain platforms. Even though Ethereum has long been a leader in decentralized finance and the NFT world, it seems that the party is
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