Ethereum fees hover near pennies as daily transactions top 1.6M
Cointelegraph
Ethereum transaction fees remain near historic lows despite daily transactions exceeding 1.6 million, signaling improved scalability.Summary
Ethereum network activity has surged, with daily transactions topping 1.6 million for the first time since October, yet gas fees remain at historic lows, averaging around $0.01 per transaction. Token swaps cost about $0.15, and NFT sales $0.27. This low-cost environment contrasts sharply with previous periods of high demand. The sustained low fees are attributed to recent network upgrades, specifically the Dencun and Pectra upgrades. The Pectra upgrade, deployed in May, doubled the blob capacity for Layer-2 (L2) networks, resulting in a roughly 50% reduction in L2 fees and successfully offloading more transactions from the mainnet to further reduce overall costs.
(Source：Cointelegraph)