Ethereum Fees Are at All-Time Lows

It’s wild to see how much things have shifted on Ethereum.

Not long ago, people were paying $50–$100 in gas fees just to make a simple swap. That was one of the biggest pain points for users. But today, transaction costs on mainnet have dropped to their lowest levels ever, almost hugging zero.

Just look at how average fees in March have evolved over the years:

• 2021: $8.67
• 2022: $4.67
• 2023: $2.32
• 2024: $7.19 (last major spike)
• 2025: $0.128
• 2026: $0.013

Did Ethereum lose demand? Not really.

Instead, the network evolved. With recent upgrades and the growth of L2, a huge portion of activity has moved off the mainnet. Rather than trying to handle everything directly, Ethereum is now acting more like a settlement layer, while L2s handle the bulk of transactions.

In other words, the mainnet didn’t become irrelevant, it became more efficient.

This shift changes the way people think about Ethereum. High fees used to be the main argument against mass adoption. Now, that argument doesn’t really hold anymore.

Lower costs, scalable infrastructure, and a growing ecosystem make it easier for new users to come in without worrying about gas.

Feels like we’re entering a different phase.

Full post: https://x.com/everstake_pool/status/2037191721553985817