Ethereum’s average and median transaction fee slip, lowest in six months


The notorious transaction charges of the Ethereum (ETH) ecosystem underwent a decremental part from Jan. 10 to report the bottom common and median charges of $14.17 and $5.67 — lowest since September 2021. 

Data from Blockchair exhibits that the typical transaction price of ETH in January was $53.03, which at its peak was $70.83 again in Might 2021. Simply inside a month, the typical charges noticed an nearly 73.3% decline as evidenced by the next chart.

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Moreover, the resultant median transaction price additionally witnessed an 81.02% drop from January’s $29.88. Within the final six months, ETH’s median transaction price was seen lowest in September at $6.26.

Curiously sufficient, the transaction depend of the Ethereum community has additionally come right down to numbers that had been final seen again in early 2019. Blockchair information present that on Feb. 1, Ethereum’s transaction depend went right down to 14,574,808 from 36,851,128 — a 60.44% drop in only one month.

That is the primary time in Ethereum historical past that the transaction depend noticed such an enormous drop inside 30 days. In November 2021, Ethereum co-founder Vitalik Buterin proposed a new limit on the total transaction calldata in a block to lower the general transaction calldata fuel value over the ETH community.

Associated: Individual ETH miner hits jackpot with $540K block reward

An ETH miner working on 2Miners: Solo pool validated a block on their very own and obtained a reward valued at about $540,000.

As Cointelegraph reported, the miner earned 168 ETH for efficiently mining the block, which vastly outstrips the per-block common reward of about 4 ETH.