Ethereum Gas Fees Hit Five-Year Low Despite ETH Price Surge

Key Takeaways:Ethereum median gas fees dropped below 1 gwei for a full week.On Aug. 16–17, fees hit 0.396 gwei and 0.432 gwei — the lowest in five years.The decline comes even as ETH reached new all-time highs, highlighting improved scalability.Ethereum Gas Fees at Historic LowsEthereum has achieved a rare milestone: gas fees at their lowest levels in five years. According to Wu Shuo’s report, the median daily gas fee has remained below 1 gwei for seven consecutive days, signaling unprecedented affordability for network users.On Aug. 16, fees fell to 0.396 gwei, the lowest since 2020, while Aug. 17 recorded 0.432 gwei, the third-lowest in the same period.ETH Price Surges as Costs DeclineThe fee reduction comes at a time when Ethereum’s price has hit new all-time highs, underscoring the impact of scaling upgrades and L2 adoption. Lower costs make it easier for both retail users and developers to engage with DeFi, NFTs, and smart contracts.