Average Ethereum network fee falls 87% from April peak to $0.095
- —Average ETH fee fell to $0.095 from $0.72 in April
- —The drop from the April peak was 87%
- —ETH now trades higher than in April, with cheaper transactions
Why it matters: Cheaper transactions boost activity on L1 and in DeFi, but reduce fee revenue and the volume of ETH burned.
Source: Bloomingbit