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Ethereum L1 Blockchain Achieves 2.2 Million Transactions Per Day At 17 Cents
The Ethereum network reached the 2.2 million daily transaction mark on Tuesday, according to data from Etherscan. This represents a substantial increase in activity compared to previous months. High transaction fees in the past had driven users toward layer-2 solutions and alternative networks. In May 2022, users paid more than $200 per transaction on average. Since then, fees have fallen steadily due to network improvements and protocol upgrades. tweet Data shows that on October 10, during a market-wide liquidation event, the average fee was around $8.48. Fees have continued to decrease in the following months, ... (full story)
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