In the past 68 days, Ethereum transaction fees have dropped nearly 94%

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Bitget2024/05/13 01:48

According to bitinfocharts, transactions on the Ethereum blockchain have become cheaper this week, with an average cost of about 0.00065 ETH, or $1.91 per transaction. In addition, the current cost of transferring ETH is between 4 and 7 gwei, or $0.18 to $0.37 per transfer. Over the past 68 days since March 5th, 2024, Ethereum's network fees have dropped by 93.7%, from $30.33 per transfer to $1.91 per transaction.
Furthermore, over this weekend the estimated costs for interacting with dex on Ethereum were between $4.16 and $7.28 while costs for NFT sales could range from $7.03 to $12.31.
In the past fifty days, Ethereum has just exceeded one million transactions daily on average.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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