Ethereum Gas Fees Still Low Afta Pectra Upgrade, Bitcoin Transaction Money Remain Soft, Dey Boost DeFi and NFT Waka
Ethereum transaction fees don fall well well since Dencun upgrade and still remain low after the recent Pectra upgrade. These upgrades don make the network work beta, make am scale better, and reduce plenty palava for the Ethereum blockchain, bringing average swap costs down from before before high of $86 to around $0.39. NFT transaction fees don also fall, making am possible to do lower-cost activities for DeFi and NFT areas. The reduced gas fees are making Ethereum look more attractive to both users and developers, wey fit push up on-chain activity. Meanwhile, Bitcoin transaction fees don remain low and steady with no major jump, showing say network usage is average and not plenty congestion dey amidst wider economic shakara. Despite the good changes for infrastructure, the price of Ether don fall well well, and Ethereum still get serious competition from other Layer 1 platforms like Solana. The improvements dem doing through the Pectra upgrade fit boost network appeal more, but long-term wahala still remain as Ethereum dey try to make im position strong against active competitors and changing market tori.
Bullish
Ethereum gas fees wey don drop well well and come stable afta Dencun and Pectra upgrades don make di network betta for work and easier to use. Dis don help DeFi and NFT sides grow by reducing how much to do transactions. Dis one good for di whole ecosystem activity and fit make more developers and projects come join Ethereum. Bitcoin fees wey remain low show say pipo still dey use am steady and no immediate network pressure. Even though Ether price don fall, di new setup and lower transaction costs fit help make pipo use am more and fit create good ground for di price to stable and grow for mid-to-long term, especially if dis low fees continue and future upgrades fit solve di oda wahala with how to scale and competition.