Blockspace fees

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Andy· 2025-06-29 01:28
Is it healthy that blockspace fees are trending to zero over time???Sort of, let me explain what's happening with this.If you look at cumulative fees spent over the last 7 years or so, its up and to the right. More fees, more volume across all chains. However, within this broader secular trend, the actual fees on each chain have gone down signficantly. Think about EIP1559 for Ethereum L1, then blobs for L2s, then altDA. This also applies to network upgrades like Avalanche had recently.This is an argument fo ...