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Analysis

Ethereum Fees Down 53% in 20 Days

January 31, 2022 - Around 1 mins mins to read

Ethereum’s average network fee has fallen to a 30-day low of 0.0096 ETH ($24.64) per transaction. Median fees (MSF) are also lower today, from $8.37 to $10.82 per transaction, the lowest since Jan. 1.

Ethereum Fees Down 53 in 20 Days Bitcoin Magazine

Source: bitinfocharts.com

The average fee (ASF) on Ethereum has not touched this low since January 1, 2022, with each transfer costing $25.75. ETH fees peaked at $52.46 per transaction on Jan. 10, and today’s ASF is 53.03% off the peak.

MSF on Ethereum is also lower today as on Jan 10, MSF was $29.92 per transfer.

Statistics show that MSF on ETH is between $8.37 and $10.82 today, 63.83% lower than on Jan.

1643599047 566 Ethereum Fees Down 53 in 20 Days Bitcoin Magazine

Source: bitinfocharts.com

Figures from Ll2fees.info show that MSF on ETH today costs $8.37 for sending ETH, $19.14 for token deposit and $41.87 for token exchange. Polygon Hermez is L2 with the lowest transaction fee currently available at $0.25 per transfer.

Loopring’s fee is $0.29, Zksync $0.37, Optimistic $1.75, Arbitrum $1.91, and Boba Network L2 $2.24 per transfer. To exchange tokens, Loopring costs $0.65, Zksync $0.90, Optimistic $2.58, Boba Network $2.94, and Arbitrum $3.30 per transaction.

ASF on Ethereum has been trading at no less than $1 since mid-November 2020. MSF on Ethereum was also under $1 per transfer at the time.

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Analysis

Ethereum Fees Down 53% in 20 Days

Ethereum’s average network fee has fallen to a 30-day low of 0.0096 ETH ($24.64) per transaction. Median fees (MSF) are also lower today, from $8.37 to $10.82 per transaction, the lowest since Jan. 1.

Ethereum Fees Down 53 in 20 Days Bitcoin Magazine

Source: bitinfocharts.com

The average fee (ASF) on Ethereum has not touched this low since January 1, 2022, with each transfer costing $25.75. ETH fees peaked at $52.46 per transaction on Jan. 10, and today’s ASF is 53.03% off the peak.

MSF on Ethereum is also lower today as on Jan 10, MSF was $29.92 per transfer.

Statistics show that MSF on ETH is between $8.37 and $10.82 today, 63.83% lower than on Jan.

1643599047 566 Ethereum Fees Down 53 in 20 Days Bitcoin Magazine

Source: bitinfocharts.com

Figures from Ll2fees.info show that MSF on ETH today costs $8.37 for sending ETH, $19.14 for token deposit and $41.87 for token exchange. Polygon Hermez is L2 with the lowest transaction fee currently available at $0.25 per transfer.

Loopring’s fee is $0.29, Zksync $0.37, Optimistic $1.75, Arbitrum $1.91, and Boba Network L2 $2.24 per transfer. To exchange tokens, Loopring costs $0.65, Zksync $0.90, Optimistic $2.58, Boba Network $2.94, and Arbitrum $3.30 per transaction.

ASF on Ethereum has been trading at no less than $1 since mid-November 2020. MSF on Ethereum was also under $1 per transfer at the time.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page