$ETH Average transaction fees on the Ethereum blockchain have fallen to their lowest level in five years. Thanks to the increased efficiency of Layer 2 solutions, the cost of low-priority transactions has dropped to around 1 gwei.

As of August 10, Ethereum’s average gas fees were measured at 1.9 gwei, according to data from Dune Analytics. This is the lowest level since mid-2019 and represents a significant savings for users.

The impact of Layer 2 networks on this fee reduction was decisive. These networks take over transactions from the main Ethereum blockchain, allowing transactions to be processed more efficiently and at lower costs. As a result, low-priority transactions are now down to about 1 gwei, which offers great economic advantages for daily transactions.

When historical data is examined, it is seen that this decrease in gas fees is even more remarkable when compared to the figures at the beginning of the year. In March, Ethereum$ETH

gas fees had risen to as high as 83.1 gwei. The current drop represents a dramatic 98% reduction and shows how market conditions and technological innovations impact blockchain costs.

According to data recorded by Etherscan on August 12, the gas fee was around 1 gwei, amounting to about seven cents. This is a big difference from the previously high fees and clearly demonstrates the impact of market downturns on network activity. For example, the Ethereum network has experienced a decrease in transaction volume during bear market periods.

Ethereum’s commitment to scalability has been evident in recent technology updates. The Dencun update in March introduced nine EIPs (Ethereum Improvement Proposals) aimed at reducing transaction costs for Layer 2 blockchains. This effort highlights the Ethereum ecosystem’s strategy to increase transaction efficiency by maintaining security verification through Layer 1.

Ethereum$ETH The community and developers often talk about the importance of Layer 1 activities. Gnosis co-founder Martin Köppelmann recently noted in a post on social media platform X that more Layer 1 operations are needed to keep the network alive. Such comments provide insight into optimal network utilization and ongoing discussions within the community.

FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.