Ethereum's recent performance has been a bit abnormal... Many people haven't realized what's happening yet, but the on-chain developments have quietly started to change.

Gas fees have hit a new low since the mainnet launched. At certain times, they even dropped below 0.03 Gwei. This number may seem insignificant, but for those who have been paying long-term attention to the ecosystem, it's a signal.

Some might think: Isn't this just a decline in activity? Wrong. Behind this is the long-awaited effect of scalability solutions finally taking hold. The efforts in recent years on Layer 2, Dencun upgrades, and other directions are now beginning to show tangible feedback.

What does cheap Gas mean? It means the cost of on-chain operations has significantly decreased, lowering the barriers for DeFi and NFT interactions, and small transactions within the ecosystem can also become active. This isn't a sign of stagnation; rather, the ecosystem is gradually optimizing. While fees are dropping, network security and decentralization are not compromised—this is the real technological breakthrough.

Some leading exchanges may still be focused on price fluctuations, but these subtle on-chain changes are often the prelude to the next wave of ecosystem prosperity.