Ethereum Hits 1.6M Transactions as Gas Fees Fall to $0.01

Published: 2025-10-30 11:22:52 |

Ethereum’s daily transaction count surpassed 1.6 million for the first time since last October, even as Ethereum gas fees remain near historic lows at just 0.16 gwei (≈$0.01). According to Milkroad, token swaps average $0.15 and NFT sales $0.27. Active addresses reached a monthly high of 695,872, per Nansen data. The March Dencun and May Pectra upgrades doubled Layer 2 capacity and cut L2 fees by about 50%, shifting more traffic off the mainnet and slashing transaction costs by 95% over the past year. Lower Ethereum gas fees and higher throughput support DeFi growth, broaden adoption and help traders execute smart contracts, swaps and NFT trades at minimal cost.

Bullish

Lower gas fees and higher transaction capacity directly benefit traders by reducing costs and improving execution speed, which can boost on-chain activity and demand for ETH in the short term. The successful Dencun and Pectra upgrades also strengthen Ethereum’s long-term fundamentals by enhancing scalability and supporting broader DeFi and real-world applications. This combination of higher usage and lower costs creates positive network effects, making a bullish outlook on ETH price likely.