Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel – Altcoins Bitcoin News

On Sunday, data shows Ethereum's onchain transfer cost remains low, but L2 transfer and swap fees are still cheaper.

miners acquired $35,976,600 in block rewards plus transaction fees. As onchain Ethereum data fees have dropped a great deal, it is still much cheaper to transact via Ethereum-compatible layer two payment rails.indicates the estimated cost to transfer ether via Metis is $0.01 per transfer, and to swap coins via Metis it is around $0.06 per transaction. A Loopring ether transaction will cost an estimated $0.03 per transfer; to trade via Loopring the L2 estimated cost is $0.37 per transaction.

L2 fees via Zksync, Arbitrum, Boba Network, Optimism, Aztec Network, and Polygon Hermez are all lower than onchain transfer fees. Swap fees via these networks are also less expensive than onchain swap fees via a traditional trade on a decentralized exchange like

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