![]() Sending an ERC20 token like USDT or USDC is estimated to cost $1.31 per transfer, and swapping an ERC20 coin may cost a user around $4.48 in gas fees on Saturday. For example, the onchain fee for an Opensea non-fungible token (NFT) listing is estimated to cost $1.74 per transaction. However, that cited value is to simply send the crypto asset ethereum ( ETH), as it costs more gas to interact with a smart contract that either sends an ERC20 token or performs an onchain swap. 10, 2022, etherscan.io’s gas tracker shows a high-priority Ethereum gas fee is estimated to be around 21 gwei or $0.48 per transfer. The same can be said for Ethereum’s median-sized gas fees which remained under $2 per transfer throughout most of the time frame.Ĭurrent stats from etherscan.io’s gas tracker indicate that high-priority fees are much less than ’s average and median-sized fee values. ![]() That was the same day crypto markets experienced extreme price fluctuations due to the FTX collapse.īesides that day, for most of the 175-day period, average ether fees have been under the $3 range in value. 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. Ethereum fees have been a lot better since The Merge and more specifically since June 18, 2022. 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. Today, the average gas cost required to send ether is estimated to be around $2.87 which is 95.43% cheaper than it was over a year ago in November 2021. 9, 2021, the average transaction fee on the Ethereum network was around 62.84 nominal U.S. Post-Merge Ethereum Fees Continue to Remain Much Lower Than Last Year ![]() Ethereum gas metrics recorded on etherscan.io indicate high transfer fees are even lower than the median and average-sized gas payments. 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. Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. ![]()
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