As the demand for Ethereum grew, transaction costs for Ethereum users also increased.
Transaction fees measured by looking at the median gas fee on the Ethereum network at night to 270 gwei level It went up to . Last to these levels Reached in June 2022.
Gas fees on Ethereum are calculated in gwei, which is one billionth of one ETH. The gas fee is paid for transactions to be confirmed earlier than others.
With the increase in transaction fees, the cost of swap transactions will decrease for a few hours. Up to 60-100 dollars output.
Gas prices at time of writing to 36 gwei, the highest level recorded since May. declined. The average cost of swap transactions on the Ethereum network is $26.75; The average cost of borrowing transactions was $22.69.
Demand for Ethereum is rising as the world’s largest asset manager BlackRock spot ETH ETF It increased with the application for Ethereum price then appreciated by 10% over $2,000 output.