ETH burning

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A visually engaging illustration depicting the concept of Ethereum gas fees plummeting, with representations of ETH coins, a fuel gauge with the needle pointing to low, and digital flames representing ETH burning, set against a backdrop of a network or blockchain pattern.

ETH Gas Fees Plunge to Unprecedented Lows

The transition to L2 solutions and the adoption of blob transactions are among the factors contributing to this decline

The Ethereum network has seen a significant drop in gas fees, currently between 5 and 10 gwei, marking one of the lowest levels this year. This decrease has led to the lowest daily amount of ETH burned in 2023.

May 6, 2024 02:17 PM

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