https://cryptomode.com/will-ethereum-2-0-lower-gas-fees/
Quote
Will Ethereum 2.0 reduce gas fees?
Ethereum has great plans to increase the number of transactions it can handle per second to about 150,000 by the end of the year. Serenity aims to help fulfill this ambition and also make the network more secure.
The proof of stake model used by ETH2 reduces the energy/power-intensive problem of the PoW used by ETH. Sharding on the other hand will increase the number of transactions the network can handle as validation will be assigned to different validators overseeing different shards.
As explained earlier, congestion of the network is one of the main reasons for the high gas fees of ethereum. The upgrade is about to bring an increase in the transaction per second which will definitely reduce congestion of the network leading to a reduction in the transaction fees.
In conclusion, the high gas fee of ethereum is a big barrier for Defi, with more people choosing to buy bitcoin in India because of the favourable BTC to INR rate. Although ETH handles more transactions than bitcoin per second, you cannot neglect the fact that the high transaction fees are a hindrance to the growth of Ethereum and Decentralized finance.
If developers are successful with this upgrade, it will only mean great things for not only ethereum but also Defi as a whole.
Ethereum has great plans to increase the number of transactions it can handle per second to about 150,000 by the end of the year. Serenity aims to help fulfill this ambition and also make the network more secure.
The proof of stake model used by ETH2 reduces the energy/power-intensive problem of the PoW used by ETH. Sharding on the other hand will increase the number of transactions the network can handle as validation will be assigned to different validators overseeing different shards.
As explained earlier, congestion of the network is one of the main reasons for the high gas fees of ethereum. The upgrade is about to bring an increase in the transaction per second which will definitely reduce congestion of the network leading to a reduction in the transaction fees.
In conclusion, the high gas fee of ethereum is a big barrier for Defi, with more people choosing to buy bitcoin in India because of the favourable BTC to INR rate. Although ETH handles more transactions than bitcoin per second, you cannot neglect the fact that the high transaction fees are a hindrance to the growth of Ethereum and Decentralized finance.
If developers are successful with this upgrade, it will only mean great things for not only ethereum but also Defi as a whole.
So the answer is, it will reduce the fee as it will prevent network congestion.
Hope it's all clear now.