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Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022

Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27. The recent decline in total gas fees can be attributed to low network activity and the ri...

Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022
Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.
The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.
According to data from on-chain analytics firms CryptoQuant and IntoTheBlock, the second-largest cryptocurrency, became the cheapest since Dec 26. ...
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