Ethereum transfer fees fall from the youngest highs, L2-eth solutions between 46-97% cheaper-blockchain
Ethereum transfer fees fall from the youngest highs, L2-eth solutions between 46-97% cheaper-blockchain

at the end of August the gas costs of the Ethereum network rose and reached the average fee for an ether transaction on September 7 on the 7th. Days later, the ether transaction fees have decreased to a certain extent, since the median and the average ether fees have been halved since then.
Ethereum fees fall, transfer costs cheaper
One of the greatest complaints that people with digital currencies have is how much the transaction fee for sending these assets can cost. Critics are not interested in the fact that Layer 1-bitcoin ( btc ) and ethherum ( eth ) transactions can also be quite expensive and unpredictable. The usual answer for Bitcoiner is the Layer-2 Protocol, the Lightning Network, but there is also Layer-2-Schemata for Ethereum ( eth ) transactions.
First of all, a Layer 1 transaction that is handled on Onchain costs an Ethereum user between $ 3.39 and $ 18.74 per transaction. The offer of $ 3.39 applies to a transaction with a very low priority according to Etherscan Gas-Tracker statistics and the 18.74 US dollar come from the values that are for an average ether-transaction According to biifocharts.com . The same website also follows the average Ether fee, the $ 9.29 at the time of writing. Data from the website l2fees.info indicates that a Layer-2-thereum fee is currently $ 4.46 per transaction.

These fees do not take into account intelligent contract interactions that can be more expensive. For example, the Etherscan gas tracker statistics show that a common ERC20 transfer is USD 10.48 and is used Uniswap, a person can cost $ 32.25 at the time of writing. This means that moving a token estate, interaction with a decentralized stock exchange (Dex) or the use of an NFT marketplace can be more expensive than simply moving Ethereum from A to B. For this reason, the competitors of the Ethereum network nibble on the project.
Layer-2 fees: between 46-97% cheaper when sending ether
Ethereum supporters have some defense mechanisms when it comes to high fees, and a large majority of eth 2.0-upgrade will regulate the matter. In addition, there are layer-2 projects and concepts such as " optimistic rollups " and two specific projects optimism and arbitrum use this technology. In addition, Ethergas-Killer like hermez.io , aztec.network , Starkware.co , loopring.org , zksync.io , and fuel also aim to solve the transaction.

Some of these projects are used today, such as Bitcoin.com News about Arbitrum's latest reported $ 1.5 billion blocked total value (TVL) . The website l2fees.info shows the costs associated with these ether gas killers, and although they are lower, some are still much higher than that of Ethereum network competitors. At the time of writing, a looping-based transaction will cost around $ 0.11, according to the statistics of L2FEES.info on September 12th. ZKSync costs $ 0.18 to send a transaction and polygon Hermez costs $ 0.40 per transaction.

At the time of writing, an Arbitrum one transaction costs 1.61 USD and an optimism transaction $ 2.38. The fees for the blockchains of Ethereum network competitors are lower than sending an ordinary ether transaction. Statistics of Messari.io find that the Average transaction fee on September 6th for the crypto-asset cardano ( ada ) was 0.59 USD per transaction.
The Blockchain Solana (SOL) states on the project's website that the average SOL shipping is $ 0.00025 per transaction. In the meantime, the sister side of l2fees.info, cryptofees.info shows that on 12th September 22 million dollars were collected in Ether fees in the past seven days. US dollars and fees of $ 4.9 million.
bitcoin ( btc ) saw fees worth the value of 448,000 US dollar and btc miner have collected fees of $ 680,000 in the last week. While Optimism recorded $ 285,000 on the last day, Avalanche (AVAX) recorded around $ 216,607 on average 24-hour fees. Arbitrum One's fees in the last 24 hours were around 90,000
What do you think about the decrease in Ethereum fees and the fees associated with Layer 2 solutions? Let us know your opinion on this topic in the comments below.
Photo credits : Shutterstock, Pixabay, Wiki Commons, Etherscan, L2fees.info, Cryptofees.info,