The typical Ethereum gas cost has actually visited 95% in the year following the Dencun upgrade, among Ethereum’s most considerable network enhancements.
On March 13, 2024, Ethereum’s Dencun upgrade was presented. The upgrade integrated the Cancun upgrade on the execution layer and the Deneb upgrade on the agreement layer. It likewise presented 9 Ethereum Enhancement Propositions (EIPs).
The main objective was to improve Ethereum’s scalability and lower deal expenses for layer-2 networks. According to YCharts information, Ethereum’s typical gas cost has actually fallen from 72 gwei in 2024 to simply 2.7 gwei since March 12, 2025.
In 2015, a typical swap expense users $86 in costs, while non-fungible token sales balanced $145 in gas costs. At the time of composing, Etherscan information revealed that a typical swap would cost $0.39, while an NFT sale would balance $0.65.
Ethereum typical gas cost. Source: YCharts
Ether cost has actually dropped 53% considering that the Dencun Upgrade
In spite of the sharp drop in gas costs, Ether (ETH) cost has actually decreased by 53% considering that the Dencun upgrade.
Throughout the upgrade in March 2024, ETH was trading above $4,070. One year later on, since March 13, 2025, ETH was valued at around $1,891, according to CoinGecko information.
Ether’s 1-year cost chart. Source: CoinGecko
In a declaration sent out to Cointelegraph, Dominik Harz, the co-founder of hybrid layer-2 Construct on Bitcoin (BOB), stated Ethereum has actually “underperformed” just recently:
” Monday’s cost drop eliminated all DeFi TVL gets considering that Trump’s election. In between Solana’s memecoin craze and Ethereum’s fractured couple of months, it’s clear the market is looking for a brand-new, more sustainable and safe and secure frontier for DeFi.”
Related: More than 50% of validators signal to increase ETH gas limitation
Approaching Pectra upgrade sees missteps
On March 5, Ethereum’s next significant upgrade, Pectra, presented on its last testnet, Sepolia. Nevertheless, the group began seeing mistake messages and empty blocks being mined.
Ethereum designer Marius van der Wijden validated that a repair was released, however an unidentified user later on set off the exact same mistake, resulting in more problems. The advancement group has actually considering that handled to support the testnet and effectively procedure deals.
Harz stated that while these testnet problems are “interfering with the mainnet launch,” they are far from Ethereum’s greatest issues. The executive stated that as soon as Pectra goes live, it will double the readily available information area for layer-2s, lower expenses and increase execution capability.
” While that’s an action in the best instructions, the truth is that Ethereum is rapidly losing its position as the go-to chain for contractors, and Pectra isn’t the fix-all service to its much deeper problems,” Harz stated.
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