📊 FalconX Research reveals impact of Friend.tech, a decentralized social network on Ethereum's gas fees. ⛽️ Ethereum's daily gas costs drop by an average of 26% since FriendTech's launch, report states. 📉 During FriendTech's peak, median Ethereum gas price plummeted to 18 Gwei on average. 💼 Layer 2 solutions like Arbitrum, Optimism, and zkSync play vital role in Ethereum transactions, fulfilling layer 2 expansion vision. 🔗 Ethereum gas fees maintain stability amid developments. #EthereumGasFees #Layer2Impact #BlockchainTrends 🌐📈

Ethereum's priority transaction gas fees have peaked at $220, notably higher than the usual $100, with the average transaction fees at $11.35 on November 8 before the surge. Just a month earlier, on October 14, fees were at their lowest point in 2023, averaging $1.40. The spike in gas fees is steering attention toward layer 2 solutions like Arbitrum, Optimism, and Polygon for their faster, more cost-effective transactions. KaisaCrypto, a blockchain analyst, highlights that Pulse Chain (PLS) boasts fees that are 4,000 times cheaper than Ethereum and 14,000 times cheaper than Bitcoin. 📈💸 #EthereumGasFees #Layer2Solutions