Post
Topic
Board Speculation (Altcoins)
Re: Why is Ethereum fees going down in this days?
by
Xal0lex
on 22/03/2022, 18:13:51 UTC
In these days ETH gas fee will down to 5$ per transaction why this happen?

There was even $1 at a time, but not for long. Obviously, the ETH network has been heavily spoiled by third-party directions in the ecosystem, such as DeFi or NFT. If you think back to what transaction prices were in the summer of 2021, it's clear that it was because of NFT trading on OpenSea. Look at OpenSea trading volumes now, their volume has dropped dramatically, hence the load on the Ethereum blockchain has dropped, as has the price of gas. There is a pattern to all of this.