While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low


While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET), the average fee was roughly 0.001 ether or $1.70 per transfer. Moreover, the Gas Tracker on etherscan.io recorded even cheaper transfers this weekend, as transactions in the $0.18 to $0.66 range have been confirmed by ethereum miners.

Ethereum’s Average and Median-Sized Network Fees Remain Low

Ethereum is more than 60% less valuable than it was on November 10, 2021, but network transfer fees have been much lower these days. Data

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