The common Ethereum fuel price has dropped by 95% within the yr following the Dencun improve, certainly one of Ethereum’s most important 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 boost Ethereum’s scalability and scale back transaction prices for layer-2 networks. According to YCharts information, 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 mean swap value customers $86 in charges, whereas non-fungible token gross sales averaged $145 in fuel 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 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 accordance with CoinGecko information.
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” lately:
“Monday’s value drop erased all DeFi TVL beneficial properties since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the trade 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 chief stated that when Pectra goes reside, it is going to double the out there information area for layer-2s, scale back prices and enhance execution capability.
“Whereas that’s a step in the fitting course, the fact is that Ethereum is shortly 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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