Cointelegraph••1 min read
Ethereum L1 Transactions Reach 2.2M Daily, Costing Approximately 17 Cents
According to reports, Ethereum Layer 1 (L1) transactions have reached 2.2 million per day, with each transaction costing approximately 17 cents. Transaction costs on the Ethereum network have decreased since May 2022, when fees averaged over $200 per transaction. The development marks a change in the cost dynamics of using the Ethereum blockchain for transactions.
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