Ethereum Don Hit 1.6 Million Transactions as Gas Fees Drop to $0.01

Ethereum daily transaction count don waka pass 1.6 million for di first time since last October, even as Ethereum gas fees dey near historical lowest at just 0.16 gwei (≈$0.01). According to Milkroad, token swaps dey average $0.15 and NFT sales $0.27. Active addresses reach one monthly high of 695,872 based on Nansen data. The March Dencun and May Pectra upgrades don double Layer 2 capacity plus cut L2 fees by around 50%, move more traffic comot from di mainnet and slash transaction costs by 95% over di past year. Lower Ethereum gas fees plus higher throughput dey support DeFi growth, broaden adoption and help traders execute smart contracts, swaps and NFT trades at minimal cost.
Bullish
Lower gas fees and bigger transaction capacity dey help traders directly by reducing cost dem and making execution fast, wey fit boost on-chain activity and demand for ETH for short term. The successful Dencun and Pectra upgrades still strong Ethereum long-term foundation by improving scalability and supporting wider DeFi and real-world apps. This combination of more usage and less cost dey create positive network effects, wey fit make ETH price get bullish outlook.