Huh, I was basing this on NFT gas prices since that's the part of blockchain I've always been most curious about, I didn't realize that simple ETH transfers required far less gas than things like minting and selling NFTs.
Huh, I was basing this on NFT gas prices since that's the part of blockchain I've always been most curious about, I didn't realize that simple ETH transfers required far less gas than things like minting and selling NFTs.
Minting and selling NFTs in general require more computation, but many smart contracts with NFTs have been gas optimized compared to 2021, sometimes requiring less approvals and transactions.
A lot of activity moved to L2s, making L1 gas cheaper, and so simple ETH and token sends are cheaper. L2s will continue to get cheaper, with the next hard fork around November and L1 gas should be even cheaper with the hard fork after the next.