Who liked gas fees anyway? Ethereum gas fees are at their lowest since 2020, averaging 0.0015 ETH or $1.57.
The Ethereum ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees — known as gas fees — it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 Ether , the narrative is set to change.
The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. However, starting in January 2021, Ethereum’s gas fees surged, owing to the hype aroundEthereum average transaction fee YTD. Source: BitInfoCharts For nearly two years, between January 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest gas cost of $196.638 — asSupporting this sudden drop in gas prices, Cointelegraph uncovered on Saturday that the daily NFTs sales have also
. The NFT ecosystem recorded its worst performance of the year in June as the total number of daily sales fell to roughly 19,000, with an estimated value of $13.8 million.In November 2021, back when numerous investors reported outrageous gas fees, Ethereum co-founder
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cost of arson damages at Lorain school estimated at $1 millionIt’s been heartbreaking for parish members at St. Anthony of Padua in Lorain after someone set fire to their gymnasium, Thursday morning.
Read more »
Man sentenced to five years in federal prison for a lottery scam of nearly $1 millionA Jamaican man has been sentenced to more than five years in federal prison for his role in a lottery scam that victimized a senior in Estes Park.
Read more »
Juul E-Cigarette Ban Creates $1 Billion Opportunity For Vape CompaniesTobacco companies are already dancing on the grave of the vaping giant, once popular with teens.
Read more »
Biden administration launches $1 billion effort to correct racist highway designs of the pastDOT said it’s about fixing the mistakes of the past.
Read more »
The DOT is investing $1 billion to address historic transportation inequitiesThe Department of Transportation has a new program to fund a series of projects aimed at improving transportation across the country.
Read more »
CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B FraudICYMI: CFTCgov charged South Africa-based bitcoin pool operator Mirror Trading International with $1.7 billion fraud this week, alleging the global, multilevel marketing scheme “misappropriated” all of the bitcoin it amassed.
Read more »