Average Fee

Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

July 14, 2024 Bitcoin.com

Average Fee

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]

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Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

May 8, 2023 Bitcoin.com

Average Fee

Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block Reward Dethroned: Bitcoin Transaction Fees Surpass Mining Subsidy for the […]

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AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

Block Sizes Exceeding 3 MB Now Common on Bitcoin Blockchain as Ordinal Inscription Demand Rises

February 12, 2023 Bitcoin.com

12 days

Since Luxor, a bitcoin mining pool, mined a record-setting 3.96 MB block (#774,628) on the Bitcoin blockchain, block sizes have been larger than they were prior to that block height in the past 12 days. Statistics show that blocks larger than 3 MB are now quite common, and demand for Ordinal inscriptions has risen as […]

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Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost

February 3, 2023 Bitcoin.com

1.06 million transactions

Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, […]

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AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low

July 31, 2022 Bitcoin.com

Altcoins

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July 30, at 9 p.m. (ET), […]

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Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

May 30, 2022 Bitcoin.com

Altcoins

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the […]

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L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow

May 17, 2022 Bitcoin.com

Altcoins

Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have been […]

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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

April 17, 2022 Bitcoin.com

Average Fee

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized fees have slid below $4 per transaction. Moreover, layer two (L2) transaction fees have also […]

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Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise

April 3, 2022 Bitcoin.com

Altcoins

While Ethereum network fees to transfer data dropped significantly in recent times, tapping a low of $5.98 per transaction in mid-March, gas fees are rising once again on the second-largest cryptocurrency network in terms of market valuation. On Sunday, April 3, the average transaction network fee is around 0.0056 ether or $19.58 per transfer. Ethereum […]

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Ethereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer

March 8, 2022 Bitcoin.com

Altcoins

Ethereum fees have continued to slide week after week and are now at the lowest value in seven months. On Tuesday, March 8, the average layer one (L1) Ethereum gas fee is 0.0042 ether or $10.89 per transfer. At the same time, median-sized gas fees are much lower as well, hitting values not seen since […]

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AI, Blockchain Integration Can Boost Trust, Prevent Misuse, Expert Says