The typical Ethereum gasoline price has dropped by 95% within the 12 months following the Dencun improve, certainly one of Ethereum’s most vital community enhancements.
On March 13, 2024, Ethereum’s Dencun upgrade was rolled out. The improve mixed the Cancun improve on the execution layer and the Deneb improve on the consensus layer. It additionally launched 9 Ethereum Enchancment Proposals (EIPs).
The first objective was to boost Ethereum’s scalability and cut back transaction prices for layer-2 networks. According to YCharts information, Ethereum’s common gasoline price has fallen from 72 gwei in 2024 to only 2.7 gwei as of March 12, 2025.
Final 12 months, a mean swap value customers $86 in charges, whereas non-fungible token gross sales averaged $145 in gasoline charges. On the time of writing, Etherscan information confirmed that a mean swap would value $0.39, whereas an NFT sale would common $0.65.
Ethereum common gasoline price. Supply: YCharts
Ether worth has dropped 53% for the reason that Dencun Improve
Regardless of the sharp drop in gasoline charges, Ether (ETH) worth has declined by 53% for the reason that Dencun improve.
Throughout the improve in March 2024, ETH was buying and selling above $4,070. One 12 months later, as of March 13, 2025, ETH was valued at round $1,891, based on CoinGecko information.
Ether’s 1-year worth chart. Supply: CoinGecko
In an announcement despatched to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Construct on Bitcoin (BOB), stated Ethereum has “underperformed” just lately:
“Monday’s worth drop erased all DeFi TVL good points since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the trade is trying to find a brand new, extra sustainable and safe frontier for DeFi.”
Associated: More than 50% of validators signal to increase ETH gas limit
Upcoming Pectra improve sees hiccups
On March 5, Ethereum’s subsequent main improve, Pectra, rolled out on its final testnet, Sepolia. Nonetheless, the group began seeing error messages and empty blocks being mined.
Ethereum developer Marius van der Wijden confirmed {that a} repair was deployed, however an unknown consumer later triggered the identical error, resulting in additional points. The event group has since managed to stabilize the testnet and efficiently course of transactions.
Harz stated that whereas these testnet points are “disrupting the mainnet launch,” they’re removed from Ethereum’s greatest issues. The manager stated that after Pectra goes reside, it would double the out there information area for layer-2s, cut back prices and improve execution capability.
“Whereas that’s a step in the appropriate course, the truth is that Ethereum is shortly shedding its place because the go-to chain for builders, and Pectra isn’t the fix-all answer to its deeper points,” Harz stated.
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