Ethereum on-chain Gas fees have recently dropped to the $0.03 level (about 2.2 gwei), making transaction costs almost negligible. This seemingly simple change actually opens up many new possibilities.

Cheap transaction costs have directly boosted activity in DeFi, NFT, GameFi, and Meme coins, especially in scenarios involving high-frequency small transactions. New users are no longer deterred by high Gas fees, leading to increased retention and active user conversion. The number of new wallets has also hit new highs.

From a broader perspective, the Ethereum ecosystem is undergoing an inclusive transformation. Lower entry barriers mean more people can participate in on-chain activities, which not only expands the user base but also brings new growth momentum to the entire ecosystem. For many small transaction users and ecosystem participants, this is undoubtedly a positive signal.