Gas fees (transaction costs) in the blockchain Ethereum fell below 1 gwei (around $0,06). This sparked active discussions among crypto community members who tried to figure out the reasons for the drop.
According to experts, the main reason for the reduction in gas fees in the blockchain Ethereum there may be more active use of second-level networks, including Arbitum , Optimism and Polygon , as well as the growing popularity of first-layer blockchains Solana , BNB Chain , Tron , Avalanche and Cardano .
According to a report from JPMorgan, ETH has performed the worst this cycle due to “intense” competition from other blockchains and a lack of demand like Bitcoin.
Despite the fact that the blockchain team Ethereum has already implemented the Dencun update, and developers will begin testing fork Pectra in February, analysts said most of the activity had already moved to second-tier networks.
According to them, Uniswap , one of the largest gas consuming protocols on the network Ethereum , is also moving to Unichain. This could deal a serious blow to the Ethereum price, which has fallen by almost 20% in the last seven days.
