Ethereum Transaction Fees Plunge 87% From April Peak to $0.095
JH Kim
Summary
- The average transaction fee on the Ethereum network has plunged 87% from its April peak.
- Ethereum transaction fees now average $0.095, down sharply from $0.72 recorded in April.
- Ethereum is trading at a higher level than it was then, but transaction costs for network users have fallen significantly.
Forecast Trend Report by Period
Average transaction fees on the Ethereum network have plunged 87% from their April peak.
Cointelegraph reported on Sept. 17 that average Ethereum transaction fees now stand at $0.095, down sharply from $0.72 in April.
Even as transaction costs have fallen steeply, Ethereum is trading above its level from that time.
That means the transaction costs borne by network users have dropped significantly despite Ethereum's price gains.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.