Ethereum (ETH) Gas Fees at 5-Year Low… Opportunities Open for DApp Development

The average transaction fee on the Ethereum (ETH) network has dropped to its lowest level in the past five years. According to on-chain analytics firm Santiment, the current transaction fee for Ethereum is approximately $0.168 (about 245 won). On April 17th, Brian Quinlivan, Marketing Director at Santiment, explained in a blog post that "as Ethereum users increase, they tend to offer higher gas fees to speed up transaction processing, but now with reduced activity, overall fees have sharply declined." The recent fee reduction coincides with a decrease in Ether transfer volume and interactions with smart contracts. Quinlivan added, "The Ethereum network is fundamentally a system where prices are determined by supply and demand. When transaction demand is low like now, users are less likely to pay high fees, naturally lowering the average transaction cost." Experts analyze this phenomenon as a temporary network slowdown while also viewing the fee reduction as an opportunity for dApp developers and general users. Unlike past fee spikes that suppressed user participation, the current environment allows for active utilization of the Ethereum ecosystem at a low cost.