Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
IntoTheBlock analyst: A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving

IntoTheBlock analyst: A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving

Bitget2024/04/29 07:18

According to ChainCatcher, IntoTheBlock analyst Slim Daddy said that on April 27, ETH's average transaction fee fell below $2.6 per transaction. According to IntoTheBlock, the last time we saw such a fee drop was in October 2023, when it was as low as $1.78. A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving and network congestion is decreasing.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!