{"id":462280,"date":"2021-04-25T19:00:23","date_gmt":"2021-04-25T19:00:23","guid":{"rendered":"https:\/\/wncen.com\/?p=462280"},"modified":"2021-04-25T16:13:42","modified_gmt":"2021-04-25T16:13:42","slug":"4-key-factors-why-ethereum-gas-fees-could-get-cheaper","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","title":{"rendered":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper"},"content":{"rendered":"<p><a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-sol-bsc-these-are-the-winners-of-the-ecosystems-wars\/\">Ethereum<\/a> has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at $2.328,58. With sideways movement in the weekly and 46.7% gains on the monthly chart.<\/p>\n<figure id=\"attachment_462287\" aria-describedby=\"caption-attachment-462287\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-462287 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD-6.png?resize=860%2C424\" alt=\"Ethereum ETH ETHUSD\" width=\"860\" height=\"424\"><figcaption id=\"caption-attachment-462287\" class=\"wp-caption-text\">ETH recovering on the daily chart. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSD\/\" target=\"_blank\" rel=\"nofollow\">ETHUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>More appreciation for ETH seems to be imminent. The network appears to be solving a \u201cdisadvantage\u201d that has been <a href=\"https:\/\/wncen.com\/press-releases\/here-is-why-the-whole-of-defi-soon-switch-to-binance-smart-chain\/\">leverage by its competitor to gain market share<\/a>, high transaction fees. Data from EthGasStation indicates that a fast or standard transaction has a cost between 45 to 50 gwei.<\/p>\n<p>As shown in the chart below, ETH\u2019s gas fees are on a decline since April 20<sup>th<\/sup>. At that moment, this metric soared to an average of $37,<a href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-shoots-past-1k-but-high-gas-fees-still-a-problem\/\"> their highest cost since February 2021<\/a>. The trend appears to be reversing and the metric is close to its lowest point this year with an average cost of $10.22 per transaction.<\/p>\n<figure id=\"attachment_462284\" aria-describedby=\"caption-attachment-462284\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-462284 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD-9.jpg?resize=860%2C329\" alt=\"Ethereum ETH ETHUSD\" width=\"860\" height=\"329\"><figcaption id=\"caption-attachment-462284\" class=\"wp-caption-text\">Source: ychart<\/figcaption><\/figure>\n<p>Co-founder of EthHub, Anthony Sassano, <a href=\"https:\/\/twitter.com\/sassal0x\/status\/17759235\" target=\"_blank\" rel=\"nofollow\">believes<\/a> there are 4 main reasons for fees getting cheaper: the increase in the gas limit (block size) by 20%, a cooled down on the crypto market, implementation of second-layer solutions, and the adoption of Flashbots. The latter seems to be playing a major role.<\/p>\n<p>As reported by NewsBTC, <a href=\"https:\/\/wncen.com\/news\/how-ethereums-gas-fees-could-be-on-a-lasting-downtrend\/\">Flashbots<\/a> is an organization that develops tools to reduce and improved defends Miner Extractable Value (MEV). They are the opposite of Priority Gas Auction (PGA) since Flashbots have a positive effect on reducing gas\u2019 cost. The organization defends a \u201ctransparent\u201d MEV ecosystem.<\/p>\n<p>As <a href=\"https:\/\/twitter.com\/thegostep\/status\/47086592\" rel=\"nofollow\">reported<\/a> by pseudonym developer \u201cStephane\u201d there is close to 72.22% of Ethereum hashrate has onboarded to Flashbots and their tools. Miners used them to maximize their rewards. This metric has seen almost a 15% increase over the past two weeks.<\/p>\n<figure id=\"attachment_462285\" aria-describedby=\"caption-attachment-462285\" style=\"width: 602px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-462285 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETHUSD-1.png?resize=602%2C674\" alt=\"Ethereum ETHUSD\" width=\"602\" height=\"674\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETHUSD-1.png?w=602 602w, https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETHUSD-1.png?w=411 411w\" sizes=\"(max-width: 602px) 100vw, 602px\"><figcaption id=\"caption-attachment-462285\" class=\"wp-caption-text\">Source: Stephane (@thegostep)<\/figcaption><\/figure>\n<h2>The Future of Ethereum Gas Fees<\/h2>\n<p>The implementation of EIP-1559 with Hard Fork London has triggered a lot of discontent from the miner sector. Others have been dedicated to finding new ways to maximize their profits. As investor Spencer Noon <a href=\"https:\/\/twitter.com\/spencernoon\/status\/86727168\" rel=\"nofollow\">said<\/a>, Flashbots could become a backbone of ETH\u2019s new fee market:<\/p>\n<blockquote><p>Been diving into the early #Flashbots data and *good lordy* $ETH miners just got gifted an incredible new source of revenue. ~5% extra revenue per block and that figure is only going to continue climbing. Few understand how profound an impact this has on $ETH&#8217;s security budget.<\/p><\/blockquote>\n<p>In addition, Ethereum investor Aftab Hossain <a href=\"https:\/\/twitter.com\/iamDCinvestor\/status\/35243527\" rel=\"nofollow\">believes<\/a> EIP-1559 could reduce transaction biddings wars and stabilize fees costs. On top of this, some negative MEV strategies could become unprofitable to the benefit of Flashbots.<\/p>\n<p>However, Hossain expects fees to be \u201cscale back up\u201d to current levels as Ethereum\u2019s blockchain is used for more purposes. Therefore, increasing the demand, at least for the short term as sharding and new features on <a href=\"https:\/\/wncen.com\/news\/ethereum\/buterin-wants-ethereum-1-0-gas-fee-upgrade-despite-beacon-chain-going-live\/\">ETH2<\/a> are under development. Hossain said:<\/p>\n<blockquote><p>never mind the fact that L1 will still be used for a variety of tx&#8217;s because it has unique composable utility and value L2s may not be able to offer for some time.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at $2.328,58. With sideways movement in the weekly and 46.7% gains on the monthly chart. More appreciation for ETH seems to be imminent. The network appears to be solving a \u201cdisadvantage\u201d that has been leverage by its competitor to gain market share, high transaction fees. Data from EthGasStation indicates that a fast or standard transaction has a cost between 45 to 50 gwei. As shown in the chart below, ETH\u2019s gas fees are on a decline since April 20th. At that moment, this metric soared to an average of $37, their highest cost since February 2021. The trend appears to be reversing and the metric is close to its lowest point this year with an average cost of $10.22 per transaction. Co-founder of EthHub, Anthony Sassano, believes there are 4 main reasons for fees getting cheaper: the increase in the gas limit (block size) by 20%, a cooled down on the crypto market, implementation of second-layer solutions, and the adoption of Flashbots. The latter seems to be playing a major role. As reported by NewsBTC, Flashbots is an organization that develops tools to reduce and improved defends Miner Extractable Value (MEV). They are the opposite of Priority Gas Auction (PGA) since Flashbots have a positive effect on reducing gas\u2019 cost. The organization defends a \u201ctransparent\u201d MEV ecosystem. As reported by pseudonym developer \u201cStephane\u201d there is close to 72.22% of Ethereum hashrate has onboarded to Flashbots and their tools. Miners used them to maximize their rewards. This metric has seen almost a 15% increase over the past two weeks. The Future of Ethereum Gas Fees The implementation of EIP-1559 with Hard Fork London has triggered a lot of discontent from the miner sector. Others have been dedicated to finding new ways to maximize their profits. As investor Spencer Noon said, Flashbots could become a backbone of ETH\u2019s new fee market: Been diving into the early #Flashbots data and *good lordy* $ETH miners just got gifted an incredible new source of revenue. ~5% extra revenue per block and that figure is only going to continue climbing. Few understand how profound an impact this has on $ETH&#8217;s security budget. In addition, Ethereum investor Aftab Hossain believes EIP-1559 could reduce transaction biddings wars and stabilize fees costs. On top of this, some negative MEV strategies could become unprofitable to the benefit of Flashbots. However, Hossain expects fees to be \u201cscale back up\u201d to current levels as Ethereum\u2019s blockchain is used for more purposes. Therefore, increasing the demand, at least for the short term as sharding and new features on ETH2 are under development. Hossain said: never mind the fact that L1 will still be used for a variety of tx&#8217;s because it has unique composable utility and value L2s may not be able to offer for some time.<\/p>\n","protected":false},"author":535,"featured_media":462281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946],"class_list":["post-462280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>4 Key Factors Why Ethereum Gas Fees Could Get Cheaper<\/title>\n<meta name=\"description\" content=\"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper\" \/>\n<meta property=\"og:description\" content=\"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-25T19:00:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-25T16:13:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1006\" \/>\n\t<meta property=\"og:image:height\" content=\"655\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper\",\"datePublished\":\"2021-04-25T19:00:23+00:00\",\"dateModified\":\"2021-04-25T16:13:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\"},\"wordCount\":528,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655\",\"keywords\":[\"ETH\",\"ethereum\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\",\"name\":\"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655\",\"datePublished\":\"2021-04-25T19:00:23+00:00\",\"dateModified\":\"2021-04-25T16:13:42+00:00\",\"description\":\"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655\",\"width\":1006,\"height\":655,\"caption\":\"Image by: Eric Han - Unsplash\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper","description":"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","og_locale":"en_US","og_type":"article","og_title":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper","og_description":"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at","og_url":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-04-25T19:00:23+00:00","article_modified_time":"2021-04-25T16:13:42+00:00","og_image":[{"width":1006,"height":655,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper","datePublished":"2021-04-25T19:00:23+00:00","dateModified":"2021-04-25T16:13:42+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/"},"wordCount":528,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655","keywords":["ETH","ethereum"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","url":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","name":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655","datePublished":"2021-04-25T19:00:23+00:00","dateModified":"2021-04-25T16:13:42+00:00","description":"Ethereum has the biggest gains on the daily chart for the main cryptocurrencies by market cap. At the time of writing, ETH is up 4.9% and trades at","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655","width":1006,"height":655,"caption":"Image by: Eric Han - Unsplash"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper","url":"http:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum"],"dateCreated":"2021-04-25T19:00:23Z","datePublished":"2021-04-25T19:00:23Z","dateModified":"2021-04-25T19:00:23Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"4 Key Factors Why Ethereum Gas Fees Could Get Cheaper\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/4-key-factors-why-ethereum-gas-fees-could-get-cheaper\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Ethereum-ETH-ETHUSD25.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/04\\\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\"],\"dateCreated\":\"2021-04-25T19:00:23Z\",\"datePublished\":\"2021-04-25T19:00:23Z\",\"dateModified\":\"2021-04-25T19:00:23Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/04\/Ethereum-ETH-ETHUSD25.jpg?fit=1006%2C655","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/462280"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=462280"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/462280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/462281"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=462280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=462280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=462280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}