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Ethereum Forum / Ethereum gas price drops to $0.82 ( 24 gwei ), end of defi/NFT hype?
« on: May 23, 2022, 08:02:57 PM »Ethereum gas price is dropping and it's now $0.82 (24 gwei) which is less than $1 and erc20 transection fee is almost $2.50. Kind of low transection at current time from my side. So is it the end of defi/nft hype? Because see a lot of hikes in the ethereum gas price whenever there was defi boom in the crypto market or hyped up nft minting. In current market, everyone is almost bearish and the question's: is it the end of defi/nft hype or not?
Gas price tracker: https://etherscan.io/gasTracker