Ethereum Transaction Fees Achieves Low Transaction Record

Amidst the Ethereum high gas fees that gives constant headache for users comes some good news.

According to crypto metrics site BitInfoCharts, average transaction fees has fallen since March.

A recent data shows Ethereum transaction fee for May 29 fall to a low $5.7 compared to $69 last May 12 and much lower than $11 on March 1.

Users should know that transaction fees spikes up when there is tremendous traffic and dips when there is less activity.

Transaction fees are paid to miners that process transactions on the blockchain so if there is more people accessing the blockchain at the same time,miners can charge premium fees.

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