Unlike the previous time that #Ethereum crossed above a $4K market value (October & November, 2021), the network is less than 1/6th as cheap per transaction today. With gas fees at a modest $9.35 in gas fees, on average, this can be partly attributed to the improved network fees after the Ethereum 2.0 transition.

Historically, fees staying lower and the network staying less congestion can continue to allow for more use cases and $ETH adoption over time. Track how gas fees vary over time using this chart.