A 12 months since Ethereum’s Dencun improve, the community’s common gasoline price has fallen by 95%, making transactions considerably cheaper.
The improve, which went reside on March 13, 2024, merged two vital upgrades: the Cancun improve for Ethereum’s execution layer and the Deneb improve for its consensus layer.
Collectively, they launched 9 Ethereum Enchancment Proposals (EIPs) geared toward decreasing transaction prices and enhancing scalability, particularly for layer-2 networks like Arbitrum, Optimism, and zkSync.
Previous to the improve, gasoline charges had been uncontrolled. Throughout 2024, the typical Ethereum gasoline worth was roughly 72 gwei. As of March 12, 2025, it had plummeted to a mere 2.7 gwei, based mostly on figures supplied by YCharts. This makes regular transactions considerably cheaper.
As an illustration, final 12 months, token swapping on Ethereum was costing about $86 in charges, and promoting NFTs was costing about $145 in gasoline charges. However now, a typical token swap solely costing $0.39, whereas promoting an NFT is costing about $0.65, as per statistics from Etherscan.
Though gasoline costs have decreased significantly, Ether’s (ETH) worth has dipped 53% because the improve. ETH traded at $4,070 in March 2024, however at the moment, after a 12 months, stands at about $1,891, as per CoinGecko.
Construct on Bitcoin (BOB) co-founder Dominik Harz thinks Ethereum is in hassle. He talked about how the current worth decline erased all of the DeFi Whole Worth Locked (TVL) features since Trump’s election.
He additionally said that Ethereum has had a tricky couple of months, whereas Solana has skilled excessive ranges of exercise, particularly with memecoins.
Ethereum’s upcoming large improve, Pectra, is already running into points. The improve was launched on the Sepolia testnet on March 5, 2025, however builders started experiencing errors. Blocks had been mined with zero transactions, and error messages saved popping up.
Ethereum developer Marius van der Wijden confirmed that they rolled out a patch, but somebody unknown initiated the identical error once more and extra points appeared. The Ethereum crew stabilized the testnet ultimately, and the transactions are being processed usually.
Additionally Learn: Why is ETH Price Crashing? Are We Headed to $1,000 Now?
