According to statistics, the fees for Ethereum network transactions fell by 35% compared to the transfer fees recorded seven days ago. At the time of writing, the average fee for a transaction with ethereum is 0.0099 ethereum or $ 30.85 to $ 33.04 per transfer. The cheapest Layer Two (L2) ether transfer method on Wednesday is $ 0.25 per transaction using Polygon Hermez.
Today it is cheaper to move Ethereum, the network still has higher transfer fees than most Blockchain networks
While the fees for data transfer on the Ethereum network have fallen by 35% in the past week, the fees are still significantly higher than most smart contract networks. seven days ago, ETH fees were $ 51.24 per transfer and today, metrics show it costs $ 30.85 to $ 33.04 in gas after transfer. Fee data only counts for moving ethereum (ETH) because it costs more to interact with a smart contract to move ERC20 or replace a token.
Average fees for transactions on the Ethereum network are some of the highest fees paid to miners. Average transaction fees recorded on Wednesday are lower, and l2fees.info indicates that the average fee is around $ 6.82 per transfer.
While statistics from bitinfocharts.com show that the average gas charge is 0.0047 ethers or $ 14.78 per transfer. a metric that records the average ethereum gas fee on January 10, 2022, showed that the fee used to be $ 29 per transfer.
Ethereum Miner rewards 14% more than daily Bitcoin rewards, Polygon Hermez is the cheapest L2 method to move Ether today
The data show that although the fees for the Ethereum network were cheaper, the blockchain still collects more fees per day. metrics In the show on January 19, the Bitcoin network earned $ 76.3 million in miners ‘awards over the last 24 hours, while Ethereum won $ 87.1 billion in miners’ awards.
At the time of writing, the current average fee move bitcoin (BTC) is about 0.0000001 per byte or 0.000035 BTC or $ 1.50 per transfer. BTC‘s medium network fee is lower at 0.0000078 BTC or $ 0.328 per transaction on Wednesday.
L2fees.info indicates that the cost of moving an Ethereum-based token on Wednesday is $ 15.60 per transaction, and replacing the token can cost $ 34.11 per transaction. The cheapest way to transfer ETH via the L2 solution, is using Polygon Hermez at a cost of $ 0.25 per transfer, according to l2fees.info. Polygon Hermez transfer fees are followed by Zsync ($ 0.30), Loopring ($ 0.32), Optimism ($ 1.42), Arbitrum ($ 2.14) and Boba Network ($ 2.38).
What do you think about the current fee rate for moving Ethereum on Wednesday? Tell us what you think about this topic in the comments section below.
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