The cost of transactions in the Ethereum ecosystem has decreased by 60 times compared to March 2024, reaching a historic low not seen since February 2020. Currently, activity on the blockchain remains stable, with around 1.2 million daily transactions being recorded.
This is reported by Business • Media
Declining Fees and Stable Activity
Transaction fees on the Ethereum network have reached their lowest levels in recent years. The seven-day moving average (7DMA) indicates a total of less than $500,000 in transaction fees per day, which is a significant decrease compared to peak values of $30 million in March 2024.
“The demand for transactions remains stable; however, changes in the network’s economy have noticeably reduced costs.”
The reduction in fee costs has been made possible by a series of updates, particularly the implementation of EIP-4844, which allows for the use of BLOB-type transactions (large data volumes) — a cheaper way to store data for L2 solutions. The Base network has also gained popularity among users due to significant cost reductions while maintaining Ethereum’s security.
Impact on Users and Validators
According to Glassnode, total transaction fees amounted to 317.1 ETH as of April 4, 2025, marking the lowest level since February 22, 2020.
The decrease in fees opens up new opportunities for small DeFi operations and daily transfers. However, for validators, this reduces motivation as the network increasingly relies on Ethereum issuance rather than revenue from fees.
Despite these changes, an update called Pectra is scheduled for May 7, 2025, aimed at improving user experience and enhancing Ethereum’s efficiency.