Ethereum’s popularity has hiked over the years. So has the cost of doing business on the network – Gas fees, the amount of gwei charged per transaction. Gas fee has steadily risen, despite there being declining trends from time to time.
However, this scenario changed as Ethereum’s average gas fees came down to 0.0015 ETH. The average gas fee tapped a new low on 2 July – A level unseen in 19 months or since November 2020.The aforementioned graph marks a significant drop in transaction fee for the altcoin. Consider this – Starting in January 2021, Ethereum’s gas fees surged owing to the hype around non-fungible tokens (
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