Lower demand for decentralized exchanges (DEXs) and NFT minting meant less competition for block space.
The 2022 "crypto winter" led to a massive drop in trading volume. Lower demand for decentralized exchanges (DEXs) and NFT
The frenetic "gas wars" caused by high-profile NFT drops cooled down as the market matured. Lower demand for decentralized exchanges (DEXs) and NFT
Optimised smart contracts (like ERC-721A) reduced the gas required for minting. Lower demand for decentralized exchanges (DEXs) and NFT