The Dencun upgrade of Ethereum has led to a dramatic decrease in transaction fees on the network. Etherscan data reveals that a swap now costs an average of $0.39, down from $86 last year.
Transaction fees on the Ethereum network have dropped by 70%, from $23 million to $7.5 million per day. This dramatic decrease comes amid a major transformation for the blockchain, with the announcement of two significant updates scheduled for April 2025.
"How to improve the throughput and capacity of the Ethereum network? Vitalik Buterin may have an idea. Details in this article."