Ethereum Hits 1.6M Daily Transactions with $0.01 Fees

Ethereum, the world’s second-largest blockchain, is now processing more than 1.6 million transactions per day, a significant milestone that highlights growing network efficiency. Even more impressive? The average gas fee has dropped to just $0.01, levels not seen in years. This sudden improvement raises a key question for the crypto community: Is Ethereum finally scalable?

Gas Fees at Historic Lows

For years, Ethereum users have complained about high gas fees, especially during times of high demand. During bull markets or NFT booms, fees could skyrocket to $50 or more, pricing out many users. Today, that’s changed dramatically.

Thanks to upgrades like EIP-1559, The Merge, and most recently proto-danksharding preparations (hinted at in EIP-4844), Ethereum is now able to handle more transactions with less congestion. These changes have streamlined block space usage and introduced better fee structures, helping reduce the overall cost for users.

Layer 2 solutions like Arbitrum, Optimism, and Base also play a major role. They handle a large chunk of Ethereum’s activity while settling on the mainnet, allowing for lower fees and higher throughput.

Upgrades Are Delivering Results

Ethereum’s core roadmap has focused on scalability through a combination of consensus changes and Layer 2 scaling. The Merge transitioned Ethereum to proof-of-stake, which improved energy efficiency and laid the foundation for further scalability enhancements.

Upcoming features like EIP-4844 (Proto-Danksharding) are expected to further boost Layer 2 performance by reducing data availability costs. These developments could make Ethereum not only scalable, but also cost-effective for everyday users, developers, and enterprises alike.

The result? A network that’s cheaper, faster, and capable of onboarding millions of new users without buckling under pressure.