The typical Ethereum fuel price has dropped by 95% within the yr following the Dencun improve, one in all 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 purpose was to reinforce Ethereum’s scalability and cut back transaction prices for layer-2 networks. According to YCharts knowledge, Ethereum’s common fuel price has fallen from 72 gwei in 2024 to simply 2.7 gwei as of March 12, 2025.
Final yr, a median swap value customers $86 in charges, whereas non-fungible token gross sales averaged $145 in fuel charges. On the time of writing, Etherscan knowledge confirmed that a median swap would value $0.39, whereas an NFT sale would common $0.65.
Ethereum common fuel price. Supply: YCharts
Ether value has dropped 53% for the reason that Dencun Improve
Regardless of the sharp drop in fuel charges, Ether (ETH) value has declined by 53% for the reason that Dencun improve.
Through the improve in March 2024, ETH was buying and selling above $4,070. One yr later, as of March 13, 2025, ETH was valued at round $1,891, in keeping with CoinGecko knowledge.
Ether's 1-year value 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 value drop erased all DeFi TVL positive aspects since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the business is looking for 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. Nevertheless, the crew 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 crew 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 largest issues. The manager stated that when Pectra goes stay, it would double the accessible knowledge house for layer-2s, cut back prices and enhance execution capability.
“Whereas that’s a step in the proper course, the truth is that Ethereum is rapidly dropping 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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