IntoTheBlock analyst: The decrease in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving

IntoTheBlock analyst Slim Daddy said that the average transaction fee for ETH fell below $2.60 per transaction on April 27.
According to IntoTheBlock, the last time we saw such a fee decline was in October 2023, when it was as low as $1.78.
The decrease in average transaction fees typically indicates that the efficiency of blockchain networks in processing transactions is improving, and network congestion is decreasing.