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

在 2024年7月30日發表的其他文章

XRP déjà vu: Is another 60,000% price surge on the horizon?

Polygon Terus Terjebak Dalam Konsolidasi, Inilah Sebabnya!

Can Immutable Price Align With Market Trends Or Continue To Lag?

This is why, Bitcoin tumbles below $67,000

Crypto market returns to fundamentals as new fundraising slows down

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

訂閱免費電子報，每天收取加密貨幣最新動態！