Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei.
Currently, Ethereum’s onchain transaction fees are at a record low. Etherscan’s gas tracker shows that the highest transaction fee is around 4.399 gwei, or roughly $0.20. If you’re looking to make a decentralized exchange (dex) swap, it will set you back about $3.45. Listing a non-fungible token (NFT) costs approximately $5.83 for a high-priority transaction, while bridging costs are around $1.11, and borrowing tops out at $2.93 at its highest priority level.
