Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper

Following Ethereum’s modulation from proof-of-work (PoW) to proof-of-stake (PoS) connected September 15, the blockchain network’s transaction fees person been overmuch little than they were 10 days earlier The Merge. Roughly 4 months agone connected May 13, 2022, high-priority ether transactions could outgo 68 gwei oregon $2.97 per transaction, and contiguous astatine $0.18, a high-priority ether transaction is 93% cheaper.

Ethereum Fees Remain Low Following The Merge

The outgo to transact connected the Ethereum web is cheaper post-Merge, arsenic etherscan.io’s state tracker indicates a precocious precedence transaction connected September 17, 2022, is astir 8 gwei oregon $0.18 per transfer. 12 days agone connected September 5, a high-priority ETH transportation was 14 gwei oregon $0.47 per transaction.

The interest metrics from etherscan.io bespeak that today’s ETH transaction fees are much than 61% cheaper than they were 12 days ago. Moreover, Ethereum’s caller alteration from PoW to PoS has besides caused a fewer interest aggregation web portals similar bitinfocharts.com to people erroneous interest data.

At $0.5888 per transfer, information from ycharts.com shows that the mean ethereum (ETH) interest has besides dropped since The Merge took place. The metrics amusement the mean transaction interest connected the ETH web connected September 14 was $0.6293 per transaction, and connected the time of The Merge, fees roseate to $0.9812 per transaction.

Ethereum state fees are besides 93% little than they were 4 months agone connected May 13, 2022. Ycharts.com stats amusement connected May 13, the mean interest was $1.37 and it dropped 57.66% little than the existent mean interest of $0.58 per transfer.

Data from archive.org indicates that etherscan.io’s state tracker besides shows ether fees were overmuch higher 127 days agone successful mid-May. At that time, a precocious precedence transaction was 68 gwei oregon $2.97 per transportation to simply nonstop ethereum, successful examination to today’s $0.18 precocious precedence transfer.

Today, etherscan.io’s state tracker shows an Opensea merchantability tin outgo $0.61 and 4 months agone it would person outgo $28.58. A Uniswap decentralized speech (dex) swap volition outgo $1.58 connected September 17, but connected May 13, it was astir ​​$26.07.

Sending an ERC20 token similar tether (USDT) oregon usd coin (USDC) is besides cheaper contiguous astatine $0.46 per transaction. But 127 days ago, it would outgo a idiosyncratic astir $7.65 per transaction to nonstop an ERC20-based coin.

As Bitcoin.com News reported connected many occasions successful 2022, Ethereum’s information fees person been dropping steadily since mid-May. Data from the post-Merge aftermath indicates onchain ETH fees person continued to stay low.

What bash you deliberation astir post-Merge stats that amusement ether fees proceed to stay low? Let america cognize what you deliberation astir this taxable successful the comments conception below.