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Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month – Bitcoin News

Starting November 9, 2021, 46 days ago, Ethereum Network transaction fees have been reduced by more than half of the day. At that time, the average fare for traveling Ethereum was $ 62.84 per transfer, but since then the fare has decreased by 62.85% to $ 23.34 per transaction.

Ethereum charges reduced by more than 62% from $ 62 to $ 23 per transaction

About a month ago, transferring Ethereum was much more expensive (ETH) Of course, on-chain, moving ERC20 tokens, exchanging tokens, interacting with smart contracts. December 25, Metrics are displayed The average fee spent on the Ethereum network is $ 22.80 or 0.0056 Ethereum per transaction.

Ethereum gas prices are now 62% cheaper than last month

The previous day was $ 23.34 per transaction, 62.85% lower than the price recorded on November 9. Savings of 62% per data transfer cost are considerable, Median ether rate It’s even cheaper. According to statistics, the median ether price on November 9th was $ 34.28 per transaction, but today’s price is 0.0032. ETH Or $ 12.99.

Ethereum gas prices are now 62% cheaper than last month

The median rate size reduction was also more than 62% smaller than the metric recorded for the median ether rate 46 days ago. Looking at the median charges recorded, the data transfer charges are even lower. statistics. The transaction fee with Ethereum on Saturday is $ 6.78 per transaction, but the transfer of tokens costs $ 15.49 per transfer.

Layer 2 networks still move Ether at a lower cost

According to today’s statistics, exchanging tokens costs users $ 33.89 per transaction. Of course, Layer 2 (L2) transfer charges are much lower, and in terms of rate, the worst provider today is Loopring for $ 0.16 per ether transfer. The loop ring is followed by Polygon Hermez ($ 0.25), Zksync ($ 0.33), Arbitrum One ($ 1.87), and Optimism ($ 2.00). To exchange tokens and interact with Ethereum-based smart contracts, each transfer costs $ 0.81 for Zksync users, $ 1.02 for Loopring users, $ 2.82 for Optimism users, and $ 3.22 for Arbitrum users.

Ethereum gas prices are now 62% cheaper than last month

In addition to lower Ethereum network charges, Bitcoin (BTC) Network charges are still cheaper today. In fact, from the end of July BTC According to, fees average between $ 1.50 and $ 5.00 per transaction. data.. Average Bitcoin on Saturday, December 25, 2021 (BTC) The fee is 0.000046 BTC That’s about $ 2.36 per transaction, or 0.0000001. BTC Per byte. BTC Prices reached a high of $ 62.77 on April 21, 2021. This shows that prices are 96.24% cheaper than the highs recorded that day.

Tags for this story

62% less, Arbitr tram one, average, Average price,, Transfer cost, Defy fee, ETH fee, ETH gas, ETH killer, ether, Ethergas, Ethereum rates, Expensive charges, price, gas,, Loop ring, Median, Optimism, Polygon hermes, Web3, Zksync

What do you think about Ethereum’s network charges dropping by more than 62% since November? Please let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is a news leader in News and a financial technology journalist living in Florida. Redman has been an active member of the crypto community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written over 5,000 articles on News about the destructive protocols that are emerging today.

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