Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer

According to statistics, Ethereum web transaction fees person dropped 35% from the transportation fees recorded 7 days ago. At the clip of writing, the mean interest to transact with ethereum is 0.0099 ether oregon $30.85 to $33.04 per transfer. The cheapest Layer 2 (L2) method to transportation ether connected Wednesday is $0.25 per transaction utilizing Polygon Hermez.

It’s Cheaper to Move Ethereum Today, Network Still Has Higher Transfer Fees Than Most Blockchain Networks

While information transportation fees connected the Ethereum web person slid 35% successful the past week, fees are inactive considerably higher than astir astute declaration networks. Seven days ago, ETH fees were $51.24 per transportation and today, metrics bespeak it costs $30.85 to $33.04 successful state per transfer. The interest information lone accounts for moving ethereum (ETH) arsenic it costs much to interact with a astute declaration to determination an ERC20 oregon swap tokens.

The mean interest to determination ethereum (ETH) connected January 19, 2022, is $30.85 per transaction, according to stats from bitinfocharts.com.

The mean transaction fees connected the Ethereum web are immoderate of the highest fees paid to miners. Median-sized transaction fees recorded connected Wednesday are little and l2fees.info indicates the median interest is astir $6.82 per transfer.

The median-sized interest to determination ethereum (ETH) connected January 19, 2022, is $14.78 per transaction, according to stats from bitinfocharts.com.

While stats from bitinfocharts.com amusement the median state interest is 0.0047 ether oregon $14.78 per transfer. Metrics signaling the median-sized ethereum state interest connected January 10, 2022, showed the interest was erstwhile $29 per transfer.

Ethereum Miner Rewards 14% Higher Than Bitcoin’s Daily Rewards, Polygon Hermez the Cheapest L2 Method to Move Ether Today

Data indicates that portion Ethereum web fees person been cheaper, the blockchain inactive rakes successful much fees per day. Metrics amusement connected January 19, the Bitcoin web saw $76.3 cardinal successful miner rewards during the past 24 hours, portion Ethereum captured $87.1 cardinal successful miner rewards.

Ethereum’s mining rewards outpace Bitcoin’s mining rewards by 14.1% connected January 19, 2022, according to the “Flippening Watch” metrics connected buybitcoinworldwide.com.

At the clip of writing, the current mean fee to determination bitcoin (BTC) is astir 0.0000001 per byte oregon 0.000035 BTC oregon $1.50 per transfer. BTC’s median-sized web fee is little astatine 0.0000078 BTC oregon $0.328 per transaction connected Wednesday.

Fee metrics to transportation ether via a L2 solution connected Wednesday, January 19, 2022, according to l2fees.info data.

L2fees.info indicates the outgo to determination an Ethereum-based token connected Wednesday is $15.60 per transaction and to swap a token tin outgo $34.11 per transaction. The cheapest method of transferring ETH via an L2 solution, is by leveraging Polygon Hermez astatine $0.25 per transfer, according to l2fees.info data. The Polygon Hermez transportation fees are followed by Zsync ($0.30), Loopring ($0.32), Optimism ($1.42), Arbitrum ($2.14), and Boba Network ($2.38).

What bash you deliberation astir the existent interest complaint to determination ethereum connected Wednesday? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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