| (Courtesy Token Terminal)
The Dencun update accomplished the goal of lowering ETH transaction fees for users, but this also lowered the overall fees being collected by the Ethereum network -- at least temporarily. While Ethereum is now more accessible to more people, overall fees remain higher than we'd like. (The ideal fee is zero.)
Since April, the average user transaction fee has remained below $5. For reference, the last time we saw fees consistently this low was the previous crypto winter in July-December 2022. So fees are moving in the right direction.
Even better for ETH investors: lower fees for users have increased overall usage of the Ethereum network. If this trend continues, ETH revenues will keep increasing, which will benefit the entire Ethereum ecosystem -- and ETH investors. | 