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Ethereum Transaction Fees Fall To Lowest In 49 Days As DeFi Craze Subsides

Ethereum Transaction Fees Fall To Lowest In 49 Days As DeFi Craze Subsides – Decrypt

Ethereum is the second largest cryptocurrency by market cap. Image: Shutterstock In brief Average Ethereum fees have fallen. They haven’t been this low since early August. They broke records earlier this month. The average cost of processing an Ethereum transaction has fallen to a 49-day lull, marking an end to a spell of super-high transaction costs that made the network prohibitively expensive to use.