2024-08-13 01:14:34

#Has ETH entered a sustained uptrend?

According to Wu Blockchain, on August 10th, the average gas fee on the Ethereum network dropped to 2 gwei, the lowest level in 5 years.
Specifically, on August 10, the average daily gas fee reached 3.49 gwei per transaction, and at certain points in the afternoon, the gas fee on the Ethereum network reached a low point of only 0.61 gwei per transaction.
Average Gas Fees on Ethereum Over the Years
Average Gas Fees on Ethereum Over the Years
On the same day, the average transaction fee in USD on the Ethereum network dropped to $0.93, marking a new record low for 2024 and the lowest in 5 years. Previously, in June, transaction fees had dropped to $1.3.

ETH7,39%

GAS5,79%

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