In recent times, the Ethereum network has seen increased demand as more people are joining the bandwagon. As a result of this, the blockchain reached an average gas fee record as users paid premium amounts to facilitate transactions.
Ethereum core developer Tim Beiko commented on EIP-2565. He told Decrypt:
“It means that the specific precompile which is affected by 2565 will be relatively cheaper gas-wise to execute, but if that’s not the main source of demand for [transaction] fees (it’s not), then it won’t affect the overall gas prices.”
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