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Since February 2020, the value has been at an all-time low.
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The blockchain activity remains unchanged at around 1.2 million transactions per day.
The Ethereum blockchain has seen its transaction fees drop to their lowest level in many years. In fact, the 7-day moving-average (7DMA), indicates that fees are now less than $5000 per day. This is compared with $30 million at the peak in March 2024.
The media reported that the daily number of transactions remained stable, at around 1.2 millions per day. This does not indicate a decline in demand, but rather a shift in the economics of the network.
A number of improvements have contributed to the decline of fees, such as EIP-4844 which introduced BLOB transactions (big data), a more cost effective way of storing data in L2 solutions. The Base blockchain is a favorite among users because it offers a significant discount while still maintaining Ethereum’s safety.
Glassnode reports that total transaction fees reached 317.1 ETH on April 6, 2025. The lowest value recorded was 306.2 ETH on February 22, 2019.
Lower commissions increase availability for users. This opens the door to small DeFi transfers and daily transfers. The publication notes that it can reduce motivation for validators – as the blockchain relies more on Ethereum issuing than fee revenue.
The Ethereum ecosystem has also reached record lows, as evidenced by the assets that have been burned because of transaction fees. There is also a decline in new addresses added to the blockchain.
On May 7, 2025 the Ethereum blockchain will be updated with the Pectra version, aimed at improving the efficiency and user experience.
