Ethereum is entering an unexpected new phase as transaction fees on its Layer-1 network fall to some of the lowest levels ever recorded. For years, users criticized Ethereum’s high gas fees, especially during the DeFi Summer of 2020, when network congestion pushed transaction costs to unprecedented heights, forcing retail and institutional participants toward cheaper Layer-2 solutions. Now, the tides appear to be shifting. Several analysts note that Ethereum L1 gas fees are hovering near all-time lows, prompting both long-time users and returning participants to reconsider transacting directly on the main chain. Some traders even say that this is the first
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