$ETH Ethereum transaction fees have reportedly plunged 87% from April’s $0.72 peak to around $0.095, even as ETH continues trading at significantly higher levels.
That’s an interesting shift for the network. Lower fees mean using Ethereum has become considerably cheaper, reducing one of the biggest complaints users had during periods of heavy congestion.
The catch is that lower fees also mean less fee revenue being generated by the network. Current data shows Ethereum’s average transaction fee remains far below the levels seen during previous periods of congestion.
That’s an interesting shift for the network. Lower fees mean using Ethereum has become considerably cheaper, reducing one of the biggest complaints users had during periods of heavy congestion.
The catch is that lower fees also mean less fee revenue being generated by the network. Current data shows Ethereum’s average transaction fee remains far below the levels seen during previous periods of congestion.
