Average onchain fees increase by more than 50 %-altcoins
Average onchain fees increase by more than 50 %-altcoins

While the second largest crypto asset after market capitalization, Ethereum, has increased by more than 50 % over the past two weeks compared to the US dollar by 27 %, the average and medium-sized gas fees have increased by more than 50 %. On the first day of 2023, the average fee for the edition of Ether was about $ 2.93 per transfer, but today the average costs are $ 4.52 per transfer of 54 %.
increase in Ethereum value leads to increased Onchain transaction costs
send ether (eth) becomes more expensive, since the value of the crypto assets has risen sharply over the past 14 days. At the time of writing this article, Ether is traded at $ 1,542 per unit after it had reached a maximum of $ 1,606 per unit in the same 24-hour period on January 18, 2023.
Since the value of Ethereum has increased in US dollars, the costs for the movement of ether and the countless ERC20 token have also increased. Data from Bitifocharts.com states that on 1. January 2023 the average ethergas fee was $ 2.93 per transfer. 18 days later, the average fee for the shipping of Ethereum is $ 4.52 per transaction of 54 % higher.
The average Ethereum-Feien Diagram from Bitinfocharts.com shows a similar pattern. 18 days ago, on the first day of 2023, BiTinfocharts.com median-ether-fee diagram Out of $ 1.06 per transfer.
On Wednesday, the same chart showed that the costs rose to 0.0013 ETH per transfer Ether changes. This means that the average Ethereum fee has increased by 84 % since January 1. While the gas measurement is usually much lower, the "Gas Tracker" from Etherscan.io has also shown an increase since the beginning of the year.
On this day, the fee tracker of the web portal shows that the Ethergas fee with high priority was 0.30 $ per transfer or 20 Gwei. 18 days later, a fee with high priority is still 20 Gwei or $ 1,14 per eth-transaction Increase of around 280 %. On January 1, the transaction costs with OpenSea were an estimated $ 1.12 per transaction and today it is up to $ 3.99.
A swap on a decentralized stock market platform (Dex) cost $ 2.87 and now it is up to $ 10.28 to complete a trade with a dex -like trade uniswap. Send an ERC20 token like usdt and USDC would cost a broadcaster about $ 0.84 per transaction today, an ERC20, an ERC20 to send.
In addition, the costs for layer two-transactions (L2) have also increased. Three days ago, on January 15, 2023, Bitcoin.com News reported About the rise of arbitrum and optimism transactions. On this day, a transfer in the Arbitrum network cost about $ 0.101 US dollars per transfer, and according to the current fee is around $ 0.188 per transfer data Dune analytics.
In a similar way, the network transaction costs of Optimism were 0.1410 USD per transfer three days ago, and on January 18, the costs for the movement of coins on the L2 chain Optimism are 0.3039 USD per transaction. The increase in higher fees for ether gas lately has broken the record of long months in the Ethereum network.
What effects will you think the increasing gas fees on the Ethereum network and its users have? Share your thoughts in the comments below.
Bedy verification : Shutterstock, Pixabay, WikiCommons
Kommentare (0)