Ethereum’s 7-day moving average transaction fee is close to a two-month low

Data from The Block shows that Ethereum’s 7-day moving average transaction fee has dropped from over $20 last month to $7.34, approaching the fee level in mid-April. On April 17, Ethereum’s 7-day moving average transaction fee was $6.57.

In addition, Dune data shows that the median daily gas fee of Ethereum has dropped from 140 gwei last month to the current 24 gwei, which is also close to the low point in the past two months. (The Block)