IntoTheBlock analyst: A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving
According to ChainCatcher, IntoTheBlock analyst Slim Daddy said that on April 27, ETH's average transaction fee fell below $2.6 per transaction. According to IntoTheBlock, the last time we saw such a fee drop was in October 2023, when it was as low as $1.78. A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving and network congestion is decreasing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
HumidiFi (WET) public sale round postponed to December 9th at 00:00
Bitget Launchpool project STABLE is now open for staking, with a total prize pool of 47.85 million STABLE.
BitMine increased its holdings by approximately 138,400 ETH last week, with total holdings exceeding 3.86 million ETH.
Tether USDT recognized as an accepted fiat-referenced token in ADGM, available on multiple major blockchains
Trending news
MoreCrypto prices
More
