Ethereum transaction fees have dropped to their lowest since December because blockchain activity has cooled while use of Ethereum layer 2 solution protocols such as Polygon (MATIC) has heated, according to blockchain data and analysts.
As of June 27, the average transaction fee on the Ethereum blockchain was $4.42, according to data from Coin Metrics. That’s down from fee levels above $60 as recently as mid-May.
Gas refers to the computational efforts required to execute specific…
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