Ethereum Gas Fees Plummet: Reach Record-Low of Just $0.03

Gas fees on the Ethereum network have hit record lows, dropping to just $0.03 per transaction today. This unprecedented drop is attributed to decreased network congestion and increased utilization of layer-2 scaling solutions like Arbitrum and Optimism. The result is a more affordable environment for users seeking to conduct microtransactions, deploy smart contracts, or engage with DeFi applications.