According to Crypto Rover, Ethereum gas fees have sharply dropped to $0.03, reaching a new low and making ETH transactions significantly cheaper for traders (source: @rovercrc, Twitter, May 17, 2025). This development positions Ethereum as a direct competitor to Solana in terms of transaction cost efficiency. For crypto traders, the lowered fees can drive increased on-chain activity, boost DeFi and NFT trading volumes, and potentially shift liquidity from Solana to Ethereum. Market participants should monitor ETH price action and layer-2 adoption rates, as ultra-low fees can attract new users and impact token valuations across the broader crypto market.

According to @jessepollak, a recent on-chain transfer of USDC using the Base network to the Philippines settled instantly and incurred only $0.000409 in transaction fees. This concrete demonstration of near-zero cost and immediate settlement underlines the growing utility of stablecoins like USDC for international remittances and cross-border payments, directly challenging traditional wire transfer services. For traders, this highlights the increasing adoption of Base chain and stablecoins within the crypto ecosystem, potentially driving higher on-chain volumes and liquidity. Source: @jessepollak on Twitter, May 9, 2025.

According to @jessepollak, the Base team has released the ultimate launch playbook, providing traders with a comprehensive guide to navigate the Base ecosystem. The playbook includes step-by-step instructions and strategies for maximizing trading efficiency on Base, a scalable blockchain network designed to enhance Ethereum's capabilities. This resource is crucial for traders seeking to leverage Base's low transaction fees and high-speed transactions, as reported by @jessepollak on Twitter.