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Do Ethereum Gas Fees Vary by Time and Day of Week?
With network activity rising and ETH’s price above $4K, twenty-two days into November there has yet to be a day with sub-$30 mean transaction fee on Ethereum. With fees on the rise some users might be wondering if it makes sense to delay time insensitive transactions. Just as flights at 5am are generally cheaper than at noon, should Ethereum users expect to pay less on off hours? Examining the data on Ethereum’s base fee on a block-by-block basis suggests there might be some merit to setting an early weekend alarm in the US, or pre-scheduling transactions. Post EIP-1559, Ethereum’s transaction fee mechanism ... (full story)