Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

SFT Protocol Partners with ManusPay to Drive Real-Wold DePIN Utility in Web3 Payments

16/06/2025

Will tariffs be the catalyst for bitcoin’s decoupling?

16/06/2025

Gold Enters DeFi With Launch of Tokenized Asset XAUT0

16/06/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Will tariffs be the catalyst for bitcoin’s decoupling?

    16/06/2025

    Micro3 and Fiamma Labs Join Forces to Expand Bitcoin’s Capabilities with BitVM2

    16/06/2025

    Whales Are Withdrawing Bitcoin from Exchanges at Record Levels – What Does This Mean?

    16/06/2025

    Bitcoin Tops Google Once Again

    16/06/2025

    Can Bulls Sustain the Push Toward $2,750 After Breakout?

    16/06/2025

    Ethereum eyes move to $3,000 as bullish technical patterns emerge

    16/06/2025

    ETH Holds Above $2,600 After Spot ETF Demand Ignites Bullish Breakout

    16/06/2025

    Top Pundit Says It is Very Simple

    16/06/2025

    Pi Network faces backlash as users report missing tokens despite KYC completion and mainnet migration

    16/06/2025

    Savvy Trader Turns $171K into $9.3M with KTA Token – 54x Return!

    16/06/2025

    Ripple Launches Japan-Focused Web3 Program Backed by JETRO

    16/06/2025

    Berachain Faces $1.2 Billion Net Outflow and Steep TVL Drop Amid Community Doubt

    16/06/2025

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    16/06/2025

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    14/06/2025

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    13/06/2025

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    13/06/2025

    SFT Protocol Partners with ManusPay to Drive Real-Wold DePIN Utility in Web3 Payments

    16/06/2025

    Will tariffs be the catalyst for bitcoin’s decoupling?

    16/06/2025

    Gold Enters DeFi With Launch of Tokenized Asset XAUT0

    16/06/2025

    Can Bulls Sustain the Push Toward $2,750 After Breakout?

    16/06/2025
  • Blockchain

    SFT Protocol Partners with ManusPay to Drive Real-Wold DePIN Utility in Web3 Payments

    16/06/2025

    $650M Bridged to Solana in May, with Ethereum Contributing $400M

    16/06/2025

    MaskDAO Acquires Orb.club, Unlocking On-chain Virality to Boost Creator Economy

    16/06/2025

    Fireblocks Integrates Codex for Instant Stablecoin Settlement

    16/06/2025

    droppRWA taps RAFAL to tokenize real estate properties in Saudi Arabia

    16/06/2025
  • DeFi

    Gold Enters DeFi With Launch of Tokenized Asset XAUT0

    16/06/2025

    SOL Rebounds Toward $145 as 7 ETFs Advance and DeFi Dev Corp Eyes More SOL Purchases

    16/06/2025

    MOCA Launches on Coinbase through Aerodrome DEX Integration, Expanding DeFi Access 

    16/06/2025

    Sentora Highlights Capital Fragmentation and Infrastructure Gaps in Institutional DeFi

    16/06/2025

    Bybit to launch Byreal, its first onchain DEX on Solana, on June 30

    16/06/2025
  • Metaverse

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence

    13/06/2025

    US Senators Probe Stablecoin Plans by Facebook Parent Meta

    12/06/2025

    Terminus Forges Alliance with COBOX to Revolutionize Metaverse

    11/06/2025

    DRX Asia Partners With Terminus to Build On Metaverse Ambitions

    11/06/2025

    COBOX and Broken Bound Announce Strategic Partnership Amid Growing Metaverse Integration

    11/06/2025
  • Regulation

    Chamath Palihapitiya Predicts Ripple, Coinbase, and Stripe Will Fight for USDC Dominance

    16/06/2025

    Amazon to Spend $10 Billion on North Carolina Data Centers for AI Expansion

    16/06/2025

    Elon Musk Blasts U.S. Spending Bill as Debt Nears $37T

    16/06/2025

    Investment Advisors Become Top Holders of Spot Bitcoin ETFs, Ether ETF Demand Rises

    16/06/2025

    Mastercard predicts it will tokenize 100% of transactions in EU by 2030

    16/06/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Bitget Wallet Partners With Coinpal to Let Users Spend Crypto at 6,000+ Online Merchants

    16/06/2025

    Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum

    16/06/2025

    Zhou says Bybit is collaborating with regulators to pursue licenses globally

    16/06/2025

    Global Banks Can’t Afford to Ignore Cryptocurrencies – One of Europe’s Largest Banks Takes a Step Toward Cryptocurrency

    16/06/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Dogecoin Got Game, FIFA Rivals Launches

    16/06/2025

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    15/06/2025

    Why are big games building on Avalanche instead of Ethereum?

    14/06/2025

    Tencent exploring $15B Nexon acquisition, a gaming firm with Web3 investments

    13/06/2025

    American Bitcoin’s 25 EH/s Dream Rests on Chinese Hardware

    15/06/2025

    France eyes Bitcoin mining as means to manage energy

    15/06/2025

    Russian Police Bust Truck-Based Crypto Mine Stealing Village Power

    15/06/2025

    946 Exahash—Miners Push Bitcoin to New Computational Heights Despite Pay Drop

    14/06/2025

    Crypto cases Trump’s SEC has paused and dismissed in 2025

    16/06/2025

    Ripple CLO on New US Crypto Bill: ‘Big Step Forward’

    16/06/2025

    Ripple Urges SEC to Launch Real-World Crypto Sandboxes

    16/06/2025

    Pakistan central bank clarifies stance on digital assets

    16/06/2025

    SFT Protocol Partners with ManusPay to Drive Real-Wold DePIN Utility in Web3 Payments

    16/06/2025

    Will tariffs be the catalyst for bitcoin’s decoupling?

    16/06/2025

    Gold Enters DeFi With Launch of Tokenized Asset XAUT0

    16/06/2025

    Can Bulls Sustain the Push Toward $2,750 After Breakout?

    16/06/2025
  • MarketCap
NBTC News
Home»Ethereum»Will Gas Fees Drop Even In A Bull Market?
Ethereum

Will Gas Fees Drop Even In A Bull Market?

NBTCBy NBTC07/11/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The adoption of Ethereum layer-2s is on the rise if Token Terminal data shared on November 6 is anything to go by. According to statistics from the blockchain analytics platform shared by Erik Smith, the Chief Investment Officer (CIO) of 401 Financial, the average active addresses over the past three months has exceeded 10 million, a nearly 2X expansion from early 2023.

Related Reading: Can The ADA Price Climb Above $20 In The Bull Market? Analyst Provides Answers

Ethereum Layer-2s Finding More Adoption

Looking at the chart, Polygon, an Ethereum sidechain, remains the most popular. At the same time, Arbitrum and OP Mainnet, which are common layer-2s adopting the roll-up technology, are actively being used.

Even so, OP Mainnet’s share is gradually dropping. Base, a layer-2 backed by Coinbase, and StarkNet are also finding adoption, expanding their share over the past three months.

Popular Ethereum layer-2s | Source: Token Terminal via Erik Smith on X

In crypto, active addresses refer to the number of unique wallet addresses (sending and receiving) that have interacted with the blockchain, in this case, Ethereum, over a given period.

An uptick or contraction in the number of active addresses can be used to measure sentiment and the level of uptake. In bear markets, active addresses tend to drop, only rising when bulls flow in, pointing to a possible scramble for arising opportunities.

Ethereum price trends upwards on daily chart| Source: ETHUSDT on Binance, TradingView
Ethereum price trends upwards on daily chart | Source: ETHUSDT on Binance, TradingView

The recent uptrend coincides with the rapid expansion of leading crypto prices. Ethereum (ETH) prices are inching closer to the $1,870 resistance level, with a breakout above this line a potential trigger for a leg up that might see the coin retest $2,100 and even register new 2023 highs.

Usually, rising crypto prices tend to revive demand as the number of active addresses and, in some instances, the total value locked (TVL) in decentralized finance (DeFi), and more.

What Will Happen To Gas Fees?

Ethereum is the world’s most active smart contract platform, stretching its dominance mainly because of its first-mover advantage. The blockchain anchors more DeFi, non-fungible tokens (NFTs), and gaming activity. Deploying protocols, depending on their objectives, can either directly launch on the mainnet or layer-2s. 

The mainnet is directly secured by validators, while layer-2 solutions depend on the mainnet for security but often re-route transactions off-chain. In this arrangement, more transactions can be processed cheaply and efficiently, relieving the mainnet.

Though the Ethereum base layer is secure, its peak transaction throughput remains relatively lower at around 15 TPS. This means during peak demand, gas fees tend to be higher, impacting user demand.

Still, Ethereum gas fees remain at a multi-year low at around 23 Gwei, according to trackers, as seen on the chart below. This is down from 240 Gwei recorded in February 2021 when crypto assets rapidly rose.

Ethereum gas fee trend| Source: YCharts
Ethereum gas fee trend | Source: YCharts

For now, whether gas fees will increase as the market recovers is yet to be seen. What’s evident is that as users opt for layer-2s, the mainnet will likely be relieved, keeping gas fee fluctuation low.

Feature image from Canva, chart from TradingView


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Can Bulls Sustain the Push Toward $2,750 After Breakout?

16/06/2025

Ethereum eyes move to $3,000 as bullish technical patterns emerge

16/06/2025

ETH Holds Above $2,600 After Spot ETF Demand Ignites Bullish Breakout

16/06/2025

Top Pundit Says It is Very Simple

16/06/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

SFT Protocol Partners with ManusPay to Drive Real-Wold DePIN Utility in Web3 Payments

16/06/2025

Will tariffs be the catalyst for bitcoin’s decoupling?

16/06/2025

Gold Enters DeFi With Launch of Tokenized Asset XAUT0

16/06/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.