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Share link:In this post: Arbitrum saw the biggest increase of fees. Blob space is starting to fill up, creating competitive pricing pressures. Ethereum saw an increase in usage and transactions, leading to prohibitive fees of up to $100 for DEX swaps.
L2 chains are waking up – and requiring the highest fees in the past three months. None of the L2 chains offer their usual negligibly cheap transactions under $0.01, and all of the leading chains are competing to post to Ethereum.
Fees on leading L2 chains are catching up with the market frenzy. After months of nearly negligible fees, all major L2 chains have increased transaction costs, which they pass on to end users.
L2 transactions are still reasonable, especially given the recent peak gas fees on Ethereum. Yet even chains like Base, priding themselves on rock-bottom fees, have seen a significant increase. For high-frequency users and for more complex tasks, even the relatively scalable L2 may increase expenses.
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