Ethereum transaction fees have fallen by nearly 94% in the past 68 days
Bitinfocharts reported that 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 ETH transfers is between 4 and 7 gwei, or $0.18 to $0.37 per transfer. Over the past 68 days since March 5, 2024, Ethereum's network fees have dropped by 93.7%, from $30.33 per transfer to $1.91 per transaction.
Furthermore, the estimated cost of dex interaction on Ethereum this weekend is $4.16 and $7.28, while the cost of NFT sales may be between $7.03 and $12.31. In the past 50 days, Ethereum's average daily transaction volume has just exceeded one million transactions.
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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