Santiment experts suggested that the drop in commission fees in the Ethereum ecosystem could be a consequence of a general decrease in trader activity caused by economic uncertainty in the world.

Santiment's chief marketing officer, Brian Quinlivan, wrote in the company's blog that the level of fees on the Ethereum network is governed by the market principle of supply and demand.

"When the network is heavily used, traders raise fees to get their transactions confirmed faster. This increased the average cost of a transaction. Now, with low activity, there is no need for high rates, and fees are falling," he explained.

The drop in fees reflects not only low interest, but also weakness in the second-largest cryptocurrency by market cap, whose market value has fallen 15% over the past month and nearly 37% over the past year.
At the same time, Santiment experts see potential for recovery in the market situation.

First, lower fees and lower asset prices together make it easier for new entrants to enter the crypto market, which could spur demand, activity, and drive Ether's price higher with minimal resistance.

Secondly, from a developer perspective, the fee level may be an ideal time to test applications and conduct transactions at minimal cost, which may stimulate the development of new DeFi protocols and NFT projects.

Earlier, Ethereum co-founder Vitalik Buterin stated that the key problem with applications created on the network's ecosystem is not their infrastructure, but their weakly expressed social value.