Gas tokens as a fee reduction tool

The Summer of DeFi offered lots of profit opportunities which resulted in an all-time high average gas price on Ethereum. However, this situation could not last forever, and APYs began to decline from five-digit to double-digit. One of the reasons for the drop in profitability was more frequent rug pulls and hacks of smart contracts.

The increased interest in Ethereum due to the rise in the ETH price became the catalyst for a new all-time high average gas price. Simultaneously, gas price growth was associated with considerable increases in the gas price in native units - Gwei (1 ETH = 1B Gwei) and an increase in ETH price. dApps’ users suffer the most from the high gas price, as interactions with smart contracts often consume tens or even hundreds of thousands of gas.