According to data from On-Chain data and analytics platform Glassnode, Ethereum (ETH) 7-day average transaction fees increased for the first time since the Merge update.
Glassnode posted on Twitter on October 13. in sharingreported that Ethereum’s 7-day average transaction fees reached 112 ETH, the highest level of the last 1 month. wages were falling.
According to the shared chart, the days when the Merge will take place are average. 80 ETH the one which… transaction feesin early October to 60 ETH had regressed. Transaction fees along with the drop in price, according to the latest data 112 ETHreached .
It was rumored that the Merge update would reduce transaction fees on the network, but this was not possible as the update did not significantly change any parameters that directly affect network capacity or throughput.
Ethereum, which was priced upwards before the Merge update, after the merger More than 30% drop lived. According to CoinGecko data, in the last 24-hour period 3.5% rise live ETHat the time of writing from $1,321 is being traded.
