Ethereum Fees Hit September Low
Publication Time:2024-08-02 18:06:06
Recently, the well-known blockchain analytics platform IntoTheBlock released a report on Ethereum fees. The report indicates that over the past week, Ethereum fees have reached nearly the lowest level in the past nine months. Specifically, this week's total fees were only $18.2 million, while gas costs dropped to an historic low - 1 gwei. This change means that the average cost for a user to perform a swap transaction is just $1, significantly reducing the economic burden of transactions. With the reduction in fees, the efficiency and user experience of the Ethereum network are expected to be improved, further driving its applications and development in decentralized finance (DeFi), non-fungible tokens (NFTs), and other areas.
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