Ethereum’s average transaction costs dropped by 73.3% within a month, down to $14.17 from $53.03. The popular transaction costs of the Ethereum (ETH) ecosystem went through a decremental stage from January 10 to recording the meagrest average and median fees of $14.17 and $5.67 lowest since September 2021Data from Blockchain displays that the average transaction cost of ETH in January was $53.03, which at its maximum was $70.83 back in May of last year. Besides, the consequent median transaction cost moreover noticed an 81.02% plunge from January’s $29.88. In the last 6 months, ETH’s median transaction price was seen downward in September at $6.26.
The transaction charge of the Ethereum system has moreover dropped. Blockchain data indicated on February 1 that Ethereum’s transaction tally went down to 14,574,808 from 36,851,128 — a 60.44% drop in one 1month. This is the 1st time in years in Ethereum record that the transaction tally witnessed such an enormous plunge in just 30 days. In 2021, in November, ETH co-founder Vitalik Buterin advised a fresh threshold on the whole transaction call data in a slab to reduce the all-around transaction call data gas tariff over the ETH web. An ETH miner governing on 2Miners said Solo pool substantiated a block on their own and obtained a reward prized at about $540,000. As Cointelegraph declared that the miner attained 168 Ethereum for successfully digging the block, which largely outstrips the per-block average prize of about four ETH.