TLDR
- Ethereum fees dropped to a historic low of 0.16 gwei or approximately $0.01 per transaction.
- Daily transactions on the Ethereum network climbed to 1.6 million on Tuesday.
- Active addresses reached a peak of 695,872 on Saturday, marking the highest monthly count.
- Token swap fees registered at $0.15 while NFT sales cost around $0.27 on the network.
- The Dencun upgrade reduced layer-2 transaction fees by 95% after deployment in March 2024.
Ethereum fees dropped to historic lows while network activity surged to monthly highs. Transaction costs reached just 0.16 gwei, or approximately $0.01 per transaction. Daily transactions climbed to 1.6 million on Tuesday, marking the highest level in nearly a month.
Low Ethereum Fees Accompany Usage Surge
Active addresses on Ethereum peaked at 695,872 on Saturday, according to crypto intelligence platform Nansen. This figure represents the highest monthly count for active users on the network. The surge in activity coincided with unusually low transaction costs across the platform.
Ethereum fees for token swaps registered at $0.15, while NFT sales cost around $0.27. These rates remain far below previous network congestion periods when demand pushed costs higher. Blockchain data aggregator Milkroad confirmed these transaction fee levels.
The current low costs contrast sharply with earlier high-activity periods on the network. Previous cycles saw Ethereum fees spike dramatically during peak usage times. This pricing pattern drew substantial criticism from users and developers alike.
Dencun Upgrade Cuts Layer-2 Costs
The Dencun upgrade deployed on March 13, 2024, reduced layer-2 transaction fees by 95%. This major protocol enhancement offloaded more transactions from the layer-1 mainnet. The upgrade successfully addressed one of Ethereum’s most pressing scalability challenges.
Ethereum fees continued declining after the Pectra upgrade launched in May 2025. The Pectra enhancement doubled blob capacity for layer-2 networks across the ecosystem. Transaction costs on layer-2 solutions dropped by approximately 50% following implementation.
The Pectra upgrade moved additional transactions away from the mainnet to layer-2 networks. This shift further reduced Ethereum fees for average users and applications. Both upgrades demonstrate the network’s commitment to improved scalability and affordability.
Daily transaction volume returned to levels last observed in early October 2025. The network previously recorded similar activity before a $19 billion liquidation event occurred. Current Ethereum fees enable more economical real-world applications and broader user adoption.
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