đ Ethereum Gas Fees Hit Record Low! đ
- ETH burn rate plummets to a 2024 low, with only 210 ETH burned on Aug 10.
- Gas fees dropped to a multi-year low of 0.8 Gwei, causing net ETH emissions to surpass 2,000 ETH.
- Gnosis founder Martin Köppelmann suggests raising the gas limit to boost Layer 1 activity.
- Users are migrating to Layer 2 solutions, reducing costs significantly.
What do you think about this strategy? Drop your thoughts below! đ #Ethereum #Crypto #DeFi
