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.
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 bitinfocharts.com statistics, the median ether price on November 9th was $ 34.28 per transaction, but today’s price is 0.0032. ETH Or $ 12.99.
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. l2fees.info 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 l2fees.info 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.
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 bitinfocharts.com, 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.
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.
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