Transaction fees on the Ethereum network have fallen to their lowest in six months
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 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. This information is from platform CryptoDeFix. At the beginning of March, the volume of sales fell to the level that was in November 2021.