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

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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 have made it so layer two fees have been between $0.02 and $1.13 per transfer.This week is an optimal time to send ether or use the Ethereum network to swap coins as onchain transfer fees have dropped below the $10 mark. In fact, ether fees on average on May 17, 2022, are roughly around 0.0027 ether or $5.68 per transaction.

While Metis is the cheapest L2, Loopring transfer fees are only $0.03 per ether transfer, and swapping tokens via Loopring will cost around $0.52. Zksync transfers are around $0.05 on Tuesday and swapping a coin will cost $0.13. The most expensive L2 today is Arbitrum One, as transfer fees are around $0.25 and a coin swap on Arbitrum is around $0.35.

The lower ether fees follow the network’s all-time hashrate high on May 13, 2022, at block 14,770,231. The network’s computational power hit 1.27 petahash per second that day, and continues to ride high.

 

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Too old talking about ETH fees today, why not looking at better one? radix could be best answer, DYOR! altseason

BabyDogeCoin

It’s users run out of money soVitalik has to decrease the fees. 😊

Are you serious

Don't expect them to stay there

do you like eth

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