Ethereum L1 transaction fees are now as low as $0.02, which is indeed a turning point for on-chain activity. Many people used to avoid frequent transactions because of high costs, but now with this price, recording transactions can be done freely. Imagine that even small operations like daily payment confirmations are no longer a concern in terms of cost. With such cheap fees, Ethereum L1 has once again become the most cost-effective choice for on-chain interactions. Fees are no longer a bottleneck, and user activity should see a significant increase.