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Ethereum transaction fees have dropped to their lowest levels since May 2017, even as network activity hits record highs. Daily transactions reached nearly 2.9 million on January 16, highlighting strong usage. Fees fell after major scalability upgrades, including the Fusaka hard fork in December 2025, which tripled the block gas limit. With gas prices close to zero, simple transfers now cost under $0.0002, making Ethereum cheaper to use and supporting wider adoption.