June 23, 2021, 5:55AM EDT
• 10 min read

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

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here