The recent decline in the crypto market has seen ethereum transactions fall back down to cost-effective levels once again.
Sunday saw the average transaction fee needed was just five gwei, or $0.15.
Following a surge in price for ethereum, the price hit an all-time high of $4,372 on May 12. Gas fees had begun to surge as ethereum’s price began to tick higher and higher.
Gas fees in May hit a high of 300 gwei as market participants enjoyed bullish momentum across the non-fungible token (NFT), decentralized finance (DeFi), and decentralized exchanges (DEX) sectors.
