If we see that Bitcoin has increased a lot in the current cryptocurrency market, then we can see that the market will be much better in 2026. In addition, if we look at the price of ETH, it has also increased a lot.But now I want to know. Is the gas fee for ETH still higher than before? Please let me know about this.
Just for context, the coin's transaction fee isn't directly proportional to its current price. Seeing an increase in the price of the coin doesn't mean that the transaction fee goes up as well.
Yes, it happened with Bitcoin in 2017 where one transaction can cost you around $20 while on Ethereum, it happened in the 2021 NFT hype as well where one transaction can cost you at around ~$200 more or less. Right now, as I'm making this post, the gas of Ethereum is around a dollar and 20 cents which is still a bit high compared to other smart contract projects out there like Solana or Tron.
The gas fee is low compared to where it was years ago and it's because of the Dencun upgrade, but if you will compare it to other Layer 2 projects, it's a bit high, but still many are still using Ethereum.