Analysis of Ethereum Gas Fees
Quick Take
- Ethereum gas fees reached record highs in the first half of 2021 but have since dropped dramatically in step with reduced on-chain volume
- The reduction of gas token usage and the rise of Flashbots appear to have benefitted network congestion overall, subduing gas fees
- L2 scaling solutions are beginning to increase in adoption and stand to help lower gas fees further in the future with sufficient growth
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Author: Kevin Peng
