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Jesujobi
@jesujobi
ETH Fees are Dropping But it’s not just L2s causing it. The full story reveals something bigger brewing under the surface. This is for educational purposes. So, let’s break it down: Ethereum fees are a reflection of network congestion and block demand. So when fees drop, it can mean one of several things: • Less on-chain activity • More block space availability • Better transaction compression
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Jesujobi pfp
Jesujobi
@jesujobi
But honestly, I feel there’s more… ☑ L2s are Absorbing Activities @base, @arbitrum, @optimism, @zksync, and others are handling millions of txs. More users are moving to L2s for faster, cheaper transactions. This is reduces much load on L1 ☑ EIP-4844 (Proto-Danksharding) is starting to show its effect. It introduced “blobs,” which reduce the cost of posting data to L1 from rollups. Lower rollup fees makes room for more efficient gas usage across the entire ecosystem.
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