Metrics show that on Dec. 10, 2022, the average Ethereum network transfer is around 0.0023 ether or $2.87 per transaction.
Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. Ethereum gas metrics recorded on etherscan.io indicate high transfer fees are even lower than the median and average-sized gas payments.On Nov.
The Ethereum network uses gas or a fee to prevent spam on the network and every transaction onchain requires a certain amount of gas to push the transfer. Ethereum fees have been a lot better since The Merge and more specifically since June 18, 2022. Since then, average ether fees have been under the $5 range for roughly 175 days with a brief spike above $5 per transaction on Nov. 8, 2022. That was the same day crypto markets experienced extreme price fluctuations due to the FTX collapse.
Besides that day, for most of the 175-day period, average ether fees have been under the $3 range in value. The same can be said for Ethereum’s median-sized gas fees which remained under $2 per transfer throughout most of the time frame.indicate that high-priority fees are much less than bitinfocharts.com’s average and median-sized fee values. At the time of writing on Saturday, Dec. 10, 2022, etherscan.
However, that cited value is to simply send the crypto asset ethereum , as it costs more gas to interact with a smart contract that either sends an ERC20 token or performs an onchain swap. For example, the onchain fee for an Opensea non-fungible token listing is estimated to cost $1.74 per transaction.
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