Ethereum average gas fee falls down to $1.57, the lowest since 2020
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Vitalik Buterin Says Hegota Will Likely Be Ethereum’s Last ‘Normal’ Fork
Ethereum co-founder Vitalik Buterin says the network’s upgrades will change in kind once Hegota ships next year, with each later f...
Why Is Crypto Down Today? Oil, Fed Bets and $330M Liquidations Stall the Market
This Monday morning, traders are asking, ‘Why is crypto down today?’ as total crypto market capitalization fell -2% to about $2.9...
Tokenized funds rise to $11.39 for every $100 in stablecoins, nearly quadrupling in two years
Tokenized funds' growth highlights a shift towards yield-seeking on-chain investments, potentially reshaping the stablecoin ecosys...
Nearly 5,000 BTC leaves Bitget as hackers begin laundering $387 million haul
Nearly 5,000 Bitcoin has left Bitget’s tracked reserves after the crypto exchange reopened withdrawals following its $387.5 millio...
Strategy makes first back-to-back Bitcoin buys since June as accumulation picks up
Michael Saylor-led Strategy (formerly MicroStrategy) has made back-to-back weekly Bitcoin purchases for the first time since June,...
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
More USDT was issued without a sustained rise in balances held by smart-contract accounts on Ethereum, according to a Bank for Int...