Transaction costs on the Ethereum network have dropped to the lowest level in five years as the amount of activity on the blockchain is in a lull, according to the onchain analytics platform Santiment.
data-ct-non-breakable=”null” href=”https://cointelegraph.com/learn/articles/what-is-ethereum-a-beginners-guide-to-eth-cryptocurrency” rel=”null” target=”null” text=”null” title=”null”>Ethereum network fees are now around $0.168 per transaction and the reduction in fees coincides with fewer people sending Ether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/ethereum-price” rel=”null” target=”null” text=”null” title=”null”>ETH) and interacting with smart contracts, Santiment marketing director Brian Quinlivan data-ct-non-breakable=”null” href=”https://insights.santiment.net/read/ethereum-s-network-costs-hit-historically-low-milestone-8619?utm_source=twitter&utm_medium=post&utm_campaign=twitter_eth_low_fee_milestone_b_041625/&fpr=twitter” rel=”null” target=”null” text=”null” title=”null”>said in an April 17 blog post.
“When many people are using Ethereum, users bid higher fees to get their transactions confirmed faster…
