According to analyst Slim Daddy from IntoTheBlock, Ethereum's average transaction fee dropped to below $2.6 per transaction on April 27th. According to IntoTheBlock's data, the last time transaction fees dropped was in October 2023, when they reached as low as $1.78. The decrease in average transaction fees usually indicates that the efficiency of the blockchain network in processing transactions is improving and network congestion is decreasing.
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According to analyst Slim Daddy from IntoTheBlock, Ethereum's average transaction fee dropped to below $2.6 per transaction on April 27th. According to IntoTheBlock's data, the last time transaction fees dropped was in October 2023, when they reached as low as $1.78. The decrease in average transaction fees usually indicates that the efficiency of the blockchain network in processing transactions is improving and network congestion is decreasing.