The average transaction fee on the Ethereum network has dropped to its lowest level ($ 3.7) since December 2020, according to BitInfoCharts. Over the past two weeks, the average commission on the network of the largest altcoin by capitalization fell by 83%. This indicator continues to decline after the fall in cryptocurrency quotes, which occurred on May 19, writes RBC Crypto.
In early May, Ethereum updated its all-time high at $ 4.3 thousand, but in the second half of the month, the digital coin dropped to $ 1.7 thousand. capitalization, according to CoinGecko, is $ 320 billion.
Due to the fact that in May the size of the commission on the Ethereum network rose above $ 1.3 thousand, the miners of the coin managed to earn a record daily profit ($ 114 million). Ethereum mining in May brought in $ 2.35 billion, which is almost a billion more than Bitcoin miners earned in the same period.
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