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Ethereum fees nearly double as 24-hour trading volume tops $50B

Published 01/05/2021, 06:14 AM
Updated 01/05/2021, 02:00 PM
Ethereum fees nearly double as 24-hour trading volume tops $50B
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Ethereum network fees continue to climb, with the average value topping out at $17.43 per transaction, according to data from YCharts. As previously reported by Cointelegraph, average fees were at about $10.20 on Monday.

The $17.43 per transaction constitutes an all-time high in average Ethereum fees, beating the previous record of $12.54 back in September during the height of decentralized finance mania. As of press time, Ethereum transaction fees have declined significantly, with a median fee of $1.63, based on data from Etherscan, ETH Gas Station and Gas Now.

Average Ethereum transaction fee. Source: YCharts

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