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Lower transaction costs on Ethereum’s Layer 2 (L2) solutions, now under $0.10 per swap on Arbitrum and Optimism, are likely to boost adoption rates. EIP-4844’s blob implementation slashed L2 fees by up to 90%, per Etherscan, making DeFi and NFT platforms more accessible. X posts like @singularity7x highlight a 212% surge in L2 smart contract activity, reflecting growing user engagement. Historically, low fees in 2023 drove DeFi TVL to $20 billion. However, fragmented L2 ecosystems and competition from Solana’s sub-cent fees could limit gains unless interoperability improves, shaping adoption’s pace.