💵 Commission fees within the Ethereum network have reached their lowest points since January 2020

To illustrate, ➡️ sending USDT or any ERC20 token now only incurs about $1 for users, while trading on Uniswap can be as inexpensive as $3.

✔️ The decline in fees commenced following the Dencun hard fork, with one of its key features being the adoption of EIP-4844. This update introduced the Proto-Danksharding option, aimed at scalability through the creation of a new transaction type for handling large binary data arrays (BLOB).