Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees

Ethereum’s mean web fees person dropped to the lowest worth successful 30 days astatine 0.0096 ether oregon $24.64 per transaction. Median-sized ethereum fees are little contiguous arsenic well, arsenic fees are betwixt $8.37 to $10.82 per transaction arsenic ether fees haven’t been this debased since January 1.

Onchain Ethereum Fees Drop, Current Bitcoin Fees 91% Cheaper Than Ethereum Fees

• It’s cheaper contiguous to nonstop ethereum (ETH), arsenic web fees are 0.0096 ETH oregon $24.64 connected mean to nonstop the 2nd starring crypto asset. On January 30, 2022, ethereum has a 24-hour terms scope of astir $2,575 to $2,647 per unit.

The average-sized interest (ASF) connected Ethereum connected January 30, 2022, is $24.64 per transaction. Fee stats stem from bitinfocharts.com data.

• Average-sized ETH fees haven’t been this debased since January 1, 2022, erstwhile the average-sized interest (ASF) was $25.75 per transfer. Ethereum fees reached a precocious connected January 10, astatine $52.46 per transaction and the existent ASF contiguous is 53.03% little than the high.
• Median-sized fees (MSF) connected Ethereum are besides little today, arsenic the MSF connected ETH connected January 10, is $29.92 per transfer. Statistics amusement MSF connected Ethereum contiguous are betwixt $8.37 to $10.82 per transportation which is 63.83% little than the MSF connected Ethereum connected January 10.

The median-sized interest (MSF) connected Ethereum connected January 30, 2022, is $10.82 per transfer. Fee stats stem from bitinfocharts.com data.

• Ll2fees.info metrics amusement the MSF connected Ethereum contiguous is $8.37 to nonstop ethereum, $19.14 to nonstop tokens, and to swap tokens it costs $41.87. Polygon Hermez is the cheapest Layer 2 (L2) transportation interest contiguous with $0.25 per transfer.
• Loopring fees are $0.29, Zksync fees are $0.37 per transfer, Optimistic costs $1.75, Arbitrum transfers are $1.91, and Boba Network L2 fees outgo $2.24 per transfer. To swap tokens Loopring volition beryllium $0.65 per swap, Zksync is $0.90, Optimistic is $2.58, Boba Network is astir $2.94, and Arbitrum is $3.30 per transaction.

• At 0.00000014 BTC per byte and 0.000054 BTC oregon $2.02 per BTC transaction, fees are 91.80% cheaper connected the Bitcoin (BTC) blockchain.
• The MSF connected Bitcoin is 0.000014 BTC oregon $0.52 per transportation which is 95.19% cheaper than ETH’s MSF rates.
• The ASF connected Ethereum hasn’t been nether $1 since mid-November 2020. MSF connected Ethereum dipped nether $1 per transportation astatine that clip arsenic well.

What bash you deliberation astir ethereum fees being 53% little than they were connected January 10? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, bitinfocharts.com,

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