According to Crypto Rover, Ethereum gas fees have sharply dropped to $0.03, reaching a new low and making ETH transactions significantly cheaper for traders (source: @rovercrc, Twitter, May 17, 2025). This development positions Ethereum as a direct competitor to Solana in terms of transaction cost efficiency. For crypto traders, the lowered fees can drive increased on-chain activity, boost DeFi and NFT trading volumes, and potentially shift liquidity from Solana to Ethereum. Market participants should monitor ETH price action and layer-2 adoption rates, as ultra-low fees can attract new users and impact token valuations across the broader crypto market.