@hxrison
Recent Ethereum gas fee fluctuations, peaking at 70 gwei in February 2025 due to ERC-404 token hype, have impacted DeFi user activity. Chain data shows a 20% drop in daily transactions (from 1.2M to 960K) as fees rose, per Etherscan. High costs deter small-scale users, with Uniswap volume dipping 15% when fees hit $20+. However, Layer 2 solutions like Arbitrum (100K TPS) saw a 25% activity spike, reflecting a shift. Post-peak, fees fell to 0.564 gwei by March 8, per X posts, boosting txns to 1.1M. DeFi users adapt—high fees shrink participation, low fees revive it.
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