Ethereum Fees Fall on 5-Year Low as well as transaction volume

Transaction costs on the Etherum networks have fallen at the lowest level in five years, because the amount of activity on the BlockCain is in sloping, according to Onchain Analytics platform Santiment.

Etherum network fees now about $ 0.168 per transaction and reducing fees matching fewer people sending ether (El) and interaction with smart agreements, marketing director in Santiment Brian quinulivan said In blog 17. April.

“When many people use Etherum, users give higher fees to get transactions faster, this launches average costs,” said Quinlivan.

“When smaller people are transient, as we now see, users do not have to give a lot to a leader. As a result, the average fee falls,” he explained. “It is basically a system of supply and request.”

Quinlivan said that, from the perspective of trade, small fee can turn off the jump prices, though, added that traders seem patiently waiting for the traders Global economic uncertainty to pass Before making their usual frequency of ETRA and AltCoin transactions.

Traditional and crypto market Tanced after after my presidential Trump were announced 2. April. Many funds have not recovered at the same level as before their detection, despite team exceptions and a 90-day break for most Countries.

ETH fell over 12.5% ​​in the last 14 days and traded apartment in the last 24 hours, floating only below $ 1,600, toward For coongecko.

“We can see the increased sensitivity to Etherum discussions and news about tariffs / economy, because prices are really endangered by a long-lasting support level,” Kuinlivan said.