Ethereum Transaction Volume Hits Record High as Gas Fees Reach Lowest Levels

The number of transactions for the cryptocurrency Ethereum (ETH) has reached an all-time high, with gas fees (transaction fees) also hitting the lowest levels in recent years, as reported by The Block. The 7-day moving average of transaction volume is approaching 2.5 million, nearly double that of a year ago. Furthermore, the average gas fee has dropped to $0.15. According to Etherscan's gas fee data, the estimated transaction fees have dropped even further, averaging about $0.04 on the 18th. Ethereum has long been known for its high and unpredictable fees, especially during network congestion, making it challenging for small-scale users...