Stats show Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction.
26 days ago, Ethereum transitioned from a proof-of-work network to a proof-of-stake blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees have increased as data from October 10 shows the average fee tapped a high of $4.75 per transaction.Ethereum’s gas fees have ticked upwards, jumping 84% higher from $2.58 per transaction on October 8, to $4.75 per transfer on October 10.
Statistics from bitinfocharts.com indicates that the median transfer fee on October 10 is $2.2 per transfer. Etherscan.io’s gas tracker also shows an increase as today’s high priority fee is around 27 gwei or $0.62 per transfer. On October 11, 2022, the average gas fee is around $4.25 per transfer or 0.0033 ether. The day prior, on October 10,44 days ago or on August 28, 2022, etherscan.io’s gas tracker shows that fees were lower prior toas a high priority fee was around 11 gwei or $0.34 per transfer. While fees are around $0.62 for a high-priority transfer, swapping and moving an ERC20 token can cost more.
An Opensea sale is $2.13 per transaction today, when it was $1.17 per transaction on August 28. A Uniswap trade has an estimated cost of around $5.49 and 44 days ago, it was around $3.03.or USDC will cost $1.61 today and on August 18, it was around $0.89 per transaction. Layer two fees are still much cheaper than Ethereum’s onchain transfer statistics.
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