Ethereum gas price drops to $0.82 ( 24 gwei ), end of defi/NFT hype?

[LogitechMouse]

Now, it has dropped futher, I think this is because most memecoins are now getting launched on sol network and reasonable projects are getting launched on Ethereum network. Hopefully, low gas price will be due to an upgrade on the network instead of usage. But it's okay now as I spend less on gas fee. The ETH I bought on Bitget are still left in my wallet for months now due to mess fee.

I also looked on how many transactions on ETH network are being created on a daily basis, and there's no drop in it as well.
Well, it seems like we are seeing a drop in ETH gas fees indeed.

Let's see how this will be for the next months, and if this continues, this might attract new projects to build under Ethereum blockchain again instead on other blockchains. We know that there are still many users of ETH despite of its huge transaction fees. Nevertheless, this is a good sign already for the project. If this continues, for sure more and more will use Ethereum, and its gas fees will go up again.

[EthereumDev_]

Now, it has dropped futher, I think this is because most memecoins are now getting launched on sol network and reasonable projects are getting launched on Ethereum network. Hopefully, low gas price will be due to an upgrade on the network instead of usage. But it's okay now as I spend less on gas fee. The ETH I bought on Bitget are still left in my wallet for months now due to mess fee.

I also looked on how many transactions on ETH network are being created on a daily basis, and there's no drop in it as well.
Well, it seems like we are seeing a drop in ETH gas fees indeed.

Let's see how this will be for the next months, and if this continues, this might attract new projects to build under Ethereum blockchain again instead on other blockchains. We know that there are still many users of ETH despite of its huge transaction fees. Nevertheless, this is a good sign already for the project. If this continues, for sure more and more will use Ethereum, and its gas fees will go up again.

When we see that the number of Ethereum transactions is still the same as on normal days, as you said, Ethereum transaction fees have indeed fallen, is this also one of the effects of the decline in Bitcoin transaction fees? because we see that the transaction fees used in Bitcoin have also fallen quite cheaply.