Ethereum’s blockchain has experienced a significant drop in transaction fees, reaching record lows. According to data from Odaily and Etherscan, the average cost for executing a token swap is around $0.11, while NFT transactions are priced at approximately $0.19. While these reduced fees offer users savings, analysts caution that exceptionally low fees may indicate underlying problems within the Ethereum ecosystem. Following the Dencun upgrade in March 2024, which significantly lowered Layer 2 network fees, Layer 1 revenue has experienced a sharp decline. This trend raises concerns about the future of network security and sustainability as Layer 2 solutions potentially impact the revenue stream of the main network.