Current gas fees are HIGH: The surge in Ethereum network activity has pushed gas fees to 33 Gwei, costing approximately 45 USD for swap operations. Users face significant challenges, particularly those involved in regular and complex transactions needing more computational resources.
Developers working on solutions: To address these issues, Ethereum developers are intensifying efforts to enhance scalability and reduce costs. The upcoming Ethereum 2.0 upgrade aims to transition to a proof-of-stake model, enhancing efficiency and capacity while helping to stabilize fees.