After the DeFi Storm: ETH Tx Fees Back To August Levels, Still Expensive

After the DeFi Storm: ETH Tx Fees Back To August Levels, Still Expensive

Gate Trade News Sunday, October 4, 2020 40 1

The average cost of a transaction fee on the Ethereum blockchain is around $2. This is low compared to September’s average… But it’s still high compared to any other moment of the blockchain’s life.

 

Ethereum fees are recovering from the devastation caused by the DeFi. After reaching record highs during September 2020, the network seems to have achieved a calm moment during October’s first days.

 

Currently, the average transaction fee is slightly above $2, according to Bitinfocharts. This milestone represents a drop of more than 80% from the peak reached on September 2, 2020.