In the past three weeks, the transaction cost of Bitcoin has sharply increased, reaching a peak of $15 per transaction three days ago. Similarly, the transfer cost of Ethereum has also risen significantly. Between October 22 and November 12, 2023, the average cost of Ethereum transactions soared by 219%, from $2.08 per transaction to $6.64 per transaction. On Sunday, November 12th, the estimated cost of transferring assets through bridging between different chains was $8.93 to $9.17. From October 22, 2023 to November 11, 2023, Ethereum processed approximately 1,071,448 transactions per day on average. Etherscan data shows that the regular value of Ethereum Gas is currently 27 gwei, and the cost of a Swap transaction is about $19.74. (Bitcoin.com)
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Ethereum transaction fees climbed 219% in the past three weeks
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