Ethereum Fees Plummet to 5-Year Low as Network Quietly Gains Traction

Ethereum’s network fees have plummeted to their lowest point in over five years, a sign of reduced blockchain activity. This drop follows market dips triggered by recent U.S. tariff announcements that caused traders to pull back from the cryptocurrency market. The Pectra upgrade is poised to further reduce fees and boost scalability through enhanced layer-2 network capacity and USDC gas payment integration. Experts believe this shift could lead to a significant transformation for Ethereum in the coming months.