Is Ethereum Gas Fee a Burden for You?
Is Ethereum Gas Fee a Burden for You?
Recent news indicates that Ethereum gas fees have plummeted to historic lows. According to Etherscan, the average mainnet gas fee has fallen to 4 Gwei, about $0.21, with some transactions costing as little as 3 Gwei, around $0.14. Additionally, Layer 2 solutions such as Optimism, Base, Arbitrum, and Linea are seeing transaction fees below $0.01.
If you check a bitcoin explorer, you will notice that the mempool has also decreased in congested so significantly. The greed has reduced while the fear has increased and these make people interest in buying crypto to reduce and the reason for the mempool decongestion. But about ether, I check a site for it just right now and I saw 11, 12 and 13 Gwei for slow, standard and fast confirmation priority.