Transaction fees on the Ethereum network have fallen to their lowest in six months

Analysts believe that the drop in the value of fees is due to the fall in NFT sales.

The average cost of fees in the Ethereum network at the moment is $10, the last time such a cost was in August 2021. This is a text from community cryptodefix. This was reported by the analytical company Arcane Research. In November, the average commission figure exceeded the $50 mark. Analysts believe that this may be due to a drop in NFT sales on the Ethereum blockchain.

According to analysts from Delphi Digital, the volume of NFT sales on the largest marketplace openSea has fallen by 72% from a peak seen in mid-January 2022. At the beginning of March, the volume of sales fell to the level that was in November 2021.