Against the backdrop of a cooling market, commissions for Ethereum transactions fell to the levels of July last year.
In the graph belowit can be seen that after reaching the all-time high at $200 on May 1, the indicator dropped sharply.
Data: Coin Metrics.
At the time of writing, a simple transfer of ETH from address to address is $0.53.
Data: Etherscan.
The cost of operations on the Uniswap non-custodial exchange and the Opensea NFT marketplace is about $4-5. The transfer of ERC-20 tokens will cost the user a little over $1.
The decrease in fees was reflected in the income of Ethereum miners, which also fell to mid-summer 2021 levels.
Data: Glassnode.
Recently, the number of addresses with a balance of more than 10,000 ETH has also been decreasing.
Recall that in August the activation of the "complexity bomb" is expected. The software solution is designed to encourage the transition to PoS, making it less profitable for miners to work on the Proof-of-Work network.
Earlier, ForkLog published an article on how SegWit, Lightning Network and transaction batching reduce fees in the Bitcoin network.
