Ripple Surpasses Bitcoin And Ethereum In Transaction Processing Velocity
Processing energy is the worth level of blockchain. It attracts buyers and merchants to make use of the
Ethereum’s average network fee has fallen to a 30-day low of 0.0096 ETH ($24.64) per transaction. Median fees (MSF) are also lower today, from $8.37 to $10.82 per transaction, the lowest since Jan. 1.
ASF on Ethereum. Source: bitinfocharts.com
The average fee (ASF) on Ethereum has not touched this low since January 1, 2022, with each transfer costing $25.75. Ethereum fees peaked at $52.46 per transaction on Jan. 10, and today’s ASF is 53.03% off the peak.
MSF on Ethereum is also lower today as on Jan 10, MSF was $29.92 per transfer. Statistics show that MSF on Ethereum is between $8.37 and $10.82 today, 63.83% lower than on Jan.
MSF on Ethereum. Source: bitinfocharts.com
Figures from Ll2fees.info show that MSF on Ethereum today costs $8.37 for sending ETH, $19.14 for token deposit and $41.87 for token exchange. Polygon Hermez is L2 with the lowest transaction fee currently available at $0.25 per transfer.
Loopring’s fee is $0.29, Zksync $0.37, Optimistic $1.75, Arbitrum $1.91, and Boba Network L2 $2.24 per transfer. To exchange tokens, Loopring costs $0.65, Zksync $0.90, Optimistic $2.58, Boba Network $2.94, and Arbitrum $3.30 per transaction.
ASF on Ethereum has been trading at no less than $1 since mid-November 2020. MSF on Ethereum was also under $1 per transfer at the time.
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