Transaction fees on the ethereum blockchain were as low as 69 cents on Saturday - a figure not seen in 19 months. The next day, the gas cost reached $1.57 or 0.0015 ETH, similar to December 2020 data. Today, the network has transaction fees as low as 20 cents and as high as 20 cents.
From July 2016 to May 2017, the gas cost of the Ethereum ecosystem was between US$0.01 and US$0.10. Today, customers are charged a premium, with an average cost per transaction of $69 by May 2021. The maximum gasoline cost for May 2022 is $196.683.
On May 1, 2022, the highest gasoline cost in 196 years was recorded at $.683
Notably, expensive gas, or network costs - the payments required to complete transactions on the blockchain - make it difficult for the ethereum blockchain to achieve dominance, much to the disdain of users. As the number decreases, you can see that NFT holders are taking advantage of the decreasing opportunities.
According to DappRadar, which has 50,466 clients, OpenSea has seen a 10.14% increase in trades on his asset in the past day. At the same time, when the largest NFT was writing this article, the market turnover was 15.92 million US dollars, soaring 340,000 US dollars. 18%.
At the same time, data from DappRadar also shows that all the top 20 collections are bought and sold within Ethereum, including EthereumNameService, DopeApeClub, GodHatesNFTees, BoredApeYachtClub (BAYC) and MutantApeYachtClub (MAYC) topping the list.
