Despite a decline in on-chain activity, Ethereum remains the leader in all-time gas fees, particularly in the decentralized finance (DeFi) sector. According to data from Growthepie, Ethereum's Layer 1 blockchain generates the highest gas fees compared to other sectors except for social. In terms of DeFi gas fees, Ethereum has accumulated over $1.68 billion, proving its dominance in the sector. Interestingly, while gas fees are high, transaction costs are currently at their lowest in over four years due to low median gas prices. However, the decrease in on-chain activity suggests a decrease in demand for Ethereum transactions rather than increased network efficiency.



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