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Ethereum touched its lowest in daily transaction fees on 27th August.
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Ethereum’s transaction fees decreased by almost 83%.
Ethereum’s daily transaction fees reached their lowest point in eight months, dropping to about 1,719 ETH, equivalent to approximately $2.1 Million, on August 27th. This decrease in gas fees is primarily due to reduced network usage and the increasing adoption of Layer 2 scaling solutions.
Based on information provided by on-chain analytics companies, CryptoQuant and IntoTheBlock, the second-largest cryptocurrency has become the most affordable it’s been since December 26th, 2022.
The pessimistic market outlook is a key factor in the notable drop in gas fees. When decentralized finance activity slows down, it results in lower gas fees, whereas increased activity often causes network congestion and a surge in fees.
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Ethereum’s daily transaction fees have decreased by 83% fr
We współpracy z: https://www.thecoinrepublic.com/2023/08/29/ethereum-sees-significant-drops-in-transaction-fees-not-for-good/
