The common Ethereum gasoline price has dropped by 95% within the yr following the Dencun improve, considered 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 Improvement Proposals (EIPs).
The major objective was to reinforce Ethereum’s scalability and scale back transaction prices for layer-2 networks. According to YCharts knowledge, Ethereum’s common gasoline price has fallen from 72 gwei in 2024 to only 2.7 gwei as of March 12, 2025.
Last yr, a median swap value customers $86 in charges, whereas non-fungible token gross sales averaged $145 in gasoline charges. At 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 gasoline price. Source: YCharts
Ether worth has dropped 53% because the Dencun Upgrade
Despite the sharp drop in gasoline charges, Ether (ETH) worth has declined by 53% because the Dencun improve.
During 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 knowledge.
Ether’s 1-year worth chart. Source: CoinGecko
In a press release despatched to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Build on Bitcoin (BOB), mentioned Ethereum has “underperformed” not too long ago:
“Monday’s price drop erased all DeFi TVL gains since Trump’s election. Between Solana’s memecoin frenzy and Ethereum’s fractured few months, it’s clear the industry is searching for a new, more sustainable and secure frontier for DeFi.”
Related: 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. However, 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 person later triggered the identical error, resulting in additional points. The growth crew has since managed to stabilize the testnet and efficiently course of transactions.
Harz mentioned that whereas these testnet points are “disrupting the mainnet launch,” they’re removed from Ethereum’s largest issues. The government mentioned that when Pectra goes stay, it can double the accessible knowledge area for layer-2s, scale back prices and improve execution capability.
“While that’s a step in the right direction, the reality is that Ethereum is quickly losing its position as the go-to chain for builders, and Pectra isn’t the fix-all solution to its deeper issues,” Harz mentioned.
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