Krutika Adani
Recently, Ethereum gas prices have plunged to 1 Gwei, which is the lowest level for gas prices in the last three years.
The Dencun Upgrade was launched in March 2024 and aimed to lower users' gas fees by scaling the blockchain's transaction speed.
For its next move, Ethereum plans to implement Sharding, which will further decrease the gas fee on the blockchain.
Sharding is part of the Surge series of upgrades on the Ethereum blockchain, which aim to drastically increase network capacity and transaction speeds.
At press time, Ethereum gas prices were at 1 Gwei and were expected to reach levels closer to zero.