According to data analytical firm Santiment, The average transaction fee on Ethereum (ETH) has fallen to its lowest level since December 2020.Read: Swiss Bank Sygnum Becomes First Regulated Bank To Offer ETH 2.0 StakingPreviously Ethereum (ETH) network was congested, transactions were slow and expensive, making them unaffordable for many small investors. Because of ETH\u2019s high fees, many users and developers have moved to other blockchains, but now Ethereum fees have fallen to multi-month lows.According to Santiment\u2019s latest tweet, the average transaction fee for Ethereum (ETH) has dropped to levels that were not seen since December 2020.Read: Goldman Sachs Report: Ethereum Has the Potential To Surpass Bitcoin As A Store Of ValueSantiment writes:\u201cEthereum\u2019s average fees are down to $2.19, which is the lowest the #2 market cap asset has been since December 2020. This is a promising sign that ETH\u2019s utility can rise with little impact of fees standing in the way of healthy circulation.\u201dThe average transaction fee for an Ethereum (ETH) transaction is as low as $2.19 in mid-July 2021. Other trackers found that the average transaction fee for Ethereum (ETH) is $2.75.#Ethereum\u2019s average fees are down to $2.19, which is the lowest the #2 market cap asset has been since December, 2020. This is a promising sign that $ETH\u2019s utility can rise with little impact of fees standing in the way of healthy circulation. https:\/\/t.co\/KNAFuBuWWQ pic.twitter.com\/qR0WBU5kVf- Santiment (@santimentfeed) July 11, 2021The average fees are at their lowest level in multi-months. The average commission per Ethereum transaction (ETH) is below $1.40.Ethereum (ETH) fees have fallen 97 percent since their peak. Analysts at Santiment see this as a positive sign of the Ethereum (ETH) network.Lower fees mean more convenient transactions and more users on the Ethereum network (ETH).This signifies that ETH\u2019s utility could increase with little impact of fees that discourage\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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