Ethereum gas fees are cheap again. Why?

Transaction costs on the number one smart contract network have reached their lowest levels in over nine months. While the major cause of the drop is decreased network activity, the number of unique active users on Ethereum has remained steady.

The decrease in network gas prices is related to a decrease in demand for Ethereum block space. Users bid up the price they are willing to pay to have their transactions processed in the next block during periods of heavy congestion since blocks only contain a certain amount of space for transactions. When activity falls, the network reduces the quantity of gas required to meet demand.

While gas fees are low, they won’t necessarily stay that way for long. For that matter, I rely on Kaiba DeFi services. Their DEX reduces the cost of gas by 20-30% but I few times there were more than that and it didn't even affect speed or security. So because this situation won't last, be sure to find a backup solution ASAP.

Low gas prices are certainly a blessing for many Ethereum users. Due to the lower cost of network transactions, traders may now take advantage of smaller trading opportunities, enhancing capital efficiency. For many casual users, the decreased gas prices will be a welcome relief.

What is your backup plan for high gas fees?