Ethereum co-founder Lubin advocates low L1 fees to boost adoption

Ethereum co-founder Joseph Lubin said Ethereum should keep Layer 1 transaction fees low to encourage adoption and reinforce ETH’s long-term value proposition. He argued that cheaper L1 usage, combined with higher network activity, staking, and ETH burning, could strengthen Ethereum’s deflationary dynamics and competitive position. The article notes that L1 fees have fallen to a historic low of about $0.09–$0.10 per transaction, helped by the Glamsterdam upgrade and migration of activity to Layer 2 networks such as Arbitrum and Base. Market takeaway: the piece is broadly supportive for ETH, framing low fees not as a weakness but as part of Ethereum’s strategy to become a low-cost settlement layer with potential upside from renewed activity and burn-driven supply reduction.