ETH Gas Dropped 90% — Bears Are Dead Wrong

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May 5, 2026
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Everyone is wrong about ETH fees. Bulls and bears both missed it. Gas dropped 90% after EIP-4844 went live — blobs replaced calldata, L2 costs hit near-zero. And everyone's calling it bearish for ETH. Wrong. Here's why. Cheap gas explodes transaction volume. More volume means more ETH burned through EIP-1559. The deflationary engine doesn't stop — it accelerates. Uniswap v3 volume is already up 40…