Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days – Bitcoin News

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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days – Bitcoin News
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Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5.

are paying 66.37% less than those willing to pay the average gas fee. Similar to the average fee 12 days ago, the median-sized ether fee spiked to $10.31 per transfer on April 5. Again, as mentioned above, the average and median fee is simply the cost to send ether as sending an ERC20 token or swapping a token and interacting with a smart contract will cost a lot more.Statistics on Sunday indicate that layer two fees have dropped much lower in recent times as well.

. The cost to swap tokens using Loopring is $0.76, at the time of writing. Zksync currently charges $0.05 per transaction as well to send ether and swapping coins will cost around $0.13 per transfer. L2 participants can also leverage Boba Network, Optimism, Polygon Hermez, Aribitrum, and the Aztec Network as well. The optimistic rollup solution Aribitrum One currently costs $0.45 to send ether per transaction and to swap coins it costs $0.62 per transaction.

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