The frenetic "gas wars" caused by high-profile NFT drops cooled down as the market matured.
Since the Merge didn't change the block size or the speed of block production significantly, it had no direct impact on gas prices. The Real Reasons Fees Plummeted
These "rollups" process transactions off-chain and bundle them, significantly reducing the load on the Ethereum Mainnet. The frenetic "gas wars" caused by high-profile NFT
While the Merge improved Ethereum's energy efficiency by 99%, fee reduction is being addressed through . This phase of the roadmap focuses on "sharding" and "data blobs" (EIP-4844), which specifically aim to make Layer 2 transactions even cheaper and increase overall network throughput.
The 2022 "crypto winter" led to a massive drop in trading volume. While the Merge improved Ethereum's energy efficiency by
It did not significantly expand the network's capacity to handle more transactions per second.
Lower demand for decentralized exchanges (DEXs) and NFT minting meant less competition for block space. It did not significantly expand the network's capacity
Optimised smart contracts (like ERC-721A) reduced the gas required for minting.