Analysis of Ethereum Gas Fees

Quick Take Ethereum gas fees reached record highs in the first half of 2021 but have since dropped dramatically in step with reduced on-chain volume The reduction of gas token usage and the rise of Flashbots appear to have benefitted network congestion overall, subduing gas fees L2 scaling solutions are beginning to increase in adoption and stand to help lower gas fees further in the future with sufficient growth.

Timeline of Ethereum