Ethereum

<a href="https://bitcoinworld.co.in/ethereum-eth-gas-fees-plummet-to-historic-lows/" title="Ethereum (ETH) Gas Fees Plummet to Historic Lows" rel="noopener noreferrer nofollow"></a>
The Ethereum network is currently experiencing a significant drop in gas fees, impacting both mainnet and Layer 2 ETH transactions.
The average mainnet gas fee has fallen to 4 Gwei, about $0.21, with some transactions costing as little as 3 Gwei, around $0.14, per data from <a href="https://etherscan.io/gastracker" rel="noopener noreferrer nofollow">Etherscan</a>.&nbsp;
Layer 2 solutions, including Optimism, Base, Arbitrum, and Linea, also see fees below $0.01 according to <a href="http://gasfees.io" rel="noopener noreferrer nofollow">Gasfees.io</a>.
This reduction in fees is largely due to increased use of Layer 2 scaling solutions and the blob transactions introduced in the Dencun hard fork in March, which have helped lower transaction costs.
The decline in gas fees has resulted in fewer ETH being burned, making the network inflationary. Over the past month, the network’s supply increased by more than 60,000 ETH.
The recent approval of eight new Ethereum ETFs by the SEC, including the conversion of Grayscale’s ETHE fund, has further complicated the ecosystem.&nbsp;
These ETFs attracted over $1 billion in inflows within four days of trading, despite a $1.5 billion outflow from Grayscale’s ETHE.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Ethereum (ETH) Gas Fees Plummet to Historic Lows

ItsBitcoinWorld

دیگر آرٹیکلز 30 جولائی، 2024 پر پبلش کیے گئے ہیں

Trump’s Pro-Bitcoin Speech Spurs Global Reaction; China Urged to Act

Cardano and Mpeppe (MPEPE) The Wealth Makers Of 2024, Invest Now

Bitcoin ETF Transformation: ARK/21Shares Integrates Chainlink’s PoR For Major Update

Bitcoin Will Play A Critical Role In Restoring US Economy, Kennedy Jr Says

21Shares Integrates Chainlink to Enhance Ethereum ETF Transparency

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

Join our free newsletter for daily crypto updates!