Ethereum average gas fee falls down to $1.57, the lowest since 2020 - BitcoinEthereumNews.com
Ethereum average transaction fee YTD. Source: BitInfoCharts For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest gas cost of $196.638 — as evidenced by data from BitInfoCharts. Supporting this sudden drop in gas prices, Cointelegraph uncovered on Saturday that the daily NFTs sales have also dropped to one-year lows. The NFT ecosystem recorded its worst performance of the year in June as the total number of daily sales fell to roughly 19,000 with an estimated value of $13.8 million. Number of daily NFT sales between June 2021 – June 2022. Source: NonFungible In November 2021, back when numerous investors reported outrageous gas fees, Ethereum co-founder Vitalik Buterin Nag-publish ng isang decrease-cost-and-cap proposal to reduce unprecedented levels of strain on the network. Buterin had proposed a short-term solution to further cut rollup costs by introducing a calldata limit per block to lower ETH gas costs. Related: Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH Ethereum liquidity provider XCarnival recovered 1,467 ETH just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol. Inatake ang XCarnival noong Hunyo 26, 2022