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Since November 9, 2021 (that is, 46 days ago), the transaction fees on the Ethereum network have been reduced by more than half of the day’s fees. At that time, the average fee for transferring Ethereum was US$62.84 per transfer. Since then, the fee has dropped by 62.85% to US$23.34 per transaction.
From $62 to $23 per transaction, Ethereum fees are reduced by more than 62%
Just over a month ago, the cost of transferring Ethereum was much higher (Ethereum) On the chain, not to mention moving ERC20 tokens, exchanging tokens or interacting with smart contracts. December 25, Indicator display The average fee spent on the Ethereum network is $22.80 or 0.0056 Ether per transaction.
The previous day was $23.34 per transaction, which was 62.85% lower than the fee recorded on November 9.The 62% savings per data transmission cost is considerable, and Median Ethereum fees Even cheaper. Statistics from bitinfocharts.com show that on November 9, the median Ethereum fee per transaction was $34.28, and today, the fee is 0.0032 Ethereum Or $12.99.
The decrease in the median cost is also a reduction of 62% or more from the index of the median ether cost recorded 46 days ago.Judging from the recorded medium-scale costs, data transmission costs are even lower l2fees.info Statistical data. On Saturday, the fee for a transaction with Ethereum is $6.78 per transaction, but the fee for transferring tokens is $15.49 per transaction.
The layer 2 network still moves ether for less money
According to today’s l2fees.info statistics, exchanging tokens will cost the user US$33.89 per transaction. Of course, the second layer (L2) transmission cost is much lower, and in terms of cost, the lowest provider today is Loopring, which costs $0.16 per Ethernet transmission. Followed by Polygon Hermez ($0.25), Zksync ($0.33), Arbitrum One ($1.87) and Optimism ($2.00). To exchange tokens or interact with Ethereum-based smart contracts, each transfer will cost $0.81 for Zksync users, $1.02 for Loopring users, $2.82 for Optimism users, and $3.22 for Arbitrum users.
In addition to the cost of the Ethereum network becoming cheaper and cheaper, Bitcoin (Bitcoin) Network expenses are also reduced today. In fact, starting from the end of July, Bitcoin According to bitinfocharts.com, the average fee per transaction is approximately US$1.50 to US$5.00 data. Saturday, December 25, 2021, average Bitcoin (Bitcoin) The fee is 0.000046 Bitcoin Approximately USD 2.36 or 0.0000001 per transaction Bitcoin Per byte. Bitcoin The cost did reach a high of $62.77 on April 21, 2021, indicating that the cost was 96.24% cheaper than the high recorded on that day.
What do you think of the Ethereum network fees falling by more than 62% since November? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, l2fees.info, bitinfocharts.com,
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