2026-01-19 03:52:42

Recently, the Ethereum network has experienced a noticeable change. The 7-day moving average transaction volume has approached 2.5 million transactions, setting a new all-time high, nearly doubling compared to the same period last year. This growth rate is truly remarkable.

The most surprising aspect is the trend of Gas fees. The average transaction fee has fallen back to about $0.15, reaching a historic low. Even more astonishing is that some simple swap operations can cost as little as $0.04, something that was unimaginable in the past.

All these improvements point to the same source—the Fusaka hard fork. This upgrade has been live for about 7 weeks, and the effects have clearly exceeded expectations, significantly boosting the overall network efficiency.

Another noteworthy aspect is the performance of stablecoins. Currently, stablecoin transfers account for 35%-40% of the total transaction volume on Ethereum, indicating strong on-chain demand. Meanwhile, staking amounts continue to rise, surpassing 36 million ETH, setting a new all-time high. These data collectively reflect the ongoing vitality and growth of the Ethereum ecosystem.

ETH-3,87%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

12 Likes

Reward
12
5
Repost
Share

Comment

0/400

GasGoblin

· 10h ago

$0.04 for a swap? Damn, this is the Ethereum I want! --- Fusaka really didn’t boast this time; the gas fees are cut in half. Isn’t that right? --- Staking over 36 million ETH, the signal is clear enough, everyone. --- Stablecoins account for 40%? It shows that everyone just wants to earn steady profits safely. --- Last year, gas was so expensive it made you vomit blood. Now it’s just $0.04 in return. The contrast is too strong, haha. --- Trading volume doubled, but gas fees actually got cheaper. That’s what real upgrade looks like. --- It’s just a hard fork, why make such a big deal? As long as I can arbitrage comfortably now, I’m fine. --- 36 million ETH staked, ETH is really gearing up to take the top spot. --- Swap fees are just a few cents? Then I need to increase my trading frequency.

View OriginalReply0

TokenEconomist

· 10h ago

actually, let me break this down—the key variable here is network throughput efficiency post-upgrade. if we think of it this way, the gas cost reduction from historical highs down to $0.04 per swap is textbook supply-side economics. ceteris paribus, when you increase tx capacity without proportional demand spike, fees collapse naturally.

Reply0

UnluckyLemur

· 10h ago

0.04 USD swing fee? No way, is this for real? If it is, I’ll have to move all my trades back to Ethereum. Gas fees dropping like this—Fusaka really isn’t joking. Staking 36 million ETH is also crazy. But what does the 35% share of stablecoins indicate... Are these really the main applications? How long can Ethereum keep up this momentum? I have a feeling this rally won’t last much longer. Wait, trading volume doubled but the fees are still so low? These numbers don’t quite add up.

View OriginalReply0

WalletWhisperer

· 10h ago

the tx velocity spike is... *interesting*. fusaka doing exactly what the math predicted, but watching stablecoin dominance hit 40% tells me something deeper—accumulation phase masquerading as organic demand. whale clustering around these low gas fees ain't coincidence, ngl

Reply0

FarmToRiches

· 10h ago

Wow, has the gas fee really dropped to 0.04? This is the Ethereum I want to see. Fusaka's recent update is truly impressive; the effects are so obvious after just seven weeks. 36 million ETH staked, so everyone just wants to earn that little bit of yield. The flow of stablecoins is so strong, it seems like USDT and USDC are still the main beneficiaries. Trading volume doubled, but it still feels like not many people are using it in the bear market... Haha, finally I don't have to worry about transaction fees anymore, reminiscing about 2020. Wait, is this swap fee real, or is it for some special scenarios? The staking scale has broken records, but why hasn't the ETH price gone up?

View OriginalReply0