Ethereum network fee low but rise on activities

Ethereum is a leading blockchain and it is very popular because of the various project working on this chain. ETH is the coin for this blockchain which is ranked second as for the market cap. Undoubtedly this is one of the biggest project in crypto market and we cannot ignore the existence of ethereum blockchain. During the last bull run cycle we have seen how the transaction fees were there and people used pay more dollars for one transactions.

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This time it is pretty good because we have observed a significant reduction on the transaction free but the activities on chain are increasing. This is good for the project as well as the community because now people would be able to transact on the chain without wearing about the higher transaction fee. It does not make any sense to spend a big amount just on the transaction fee and I does scenario this should not be more than $1 however now a days it is only few cents which I think is much more reasonable.

As transaction fees drop, Ethereum becomes a cheaper choice for users to interact with its versatile platform. This development holds the promise of boosting Ethereum’s overall market value.

Because of the higher transaction fee people were not happy with this blockchain and average user was avoiding to transact on ethereum chain because of this issue. This is good that finally this chain has got significant improvement in terms after transaction fee and it is true that there are thousands of project working on this so the low transaction fees going to enable more adoption and people would be able to transact with free mind.

I have also experience this problem on ethereum network in the past when it's transaction fee was way more high so I had to stop my transaction. Even sometimes the transaction she was much more than the value of overall transaction and this should not be the case in any situation because if it happens then more people load go away from such network. Binance smart chain is more popular because of low transaction fee and even polygon did the same. These are the blockchain network that were focus on low transaction fees in the beginning and this is what walked in their favour as they got more projects and users because of very low transaction fee. The transaction fees not even $1 on these projects which is an important part and we cannot ignore that this has enabled many projects to choose them.

Thank you