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Ethereum mainnet transfer fee drops below L2: $0.0017 hits a new low
[Crypto World] On December 5th, I noticed an interesting phenomenon: Ethereum mainnet transfers are now cheaper than several major L2s.
Actual test data is quite counterintuitive—a transfer on the mainnet only costs $0.0017, while L2 networks like Base, Arbitrum, and Optimism cost $0.0055 to $0.0079, which is 3 to 5 times more expensive. As of now, Ethereum mainnet’s gas fee is only 0.031 gwei.
This actually reflects a cooling off in mainnet activity. The original purpose of L2s was to solve the mainnet’s high cost and slowness, but now the mainnet itself has “lowered prices” first, which is a bit awkward. Of course, this is good news for users—at least in the short term, using the mainnet directly has become the most economical choice.