According to the platform for the analysis of Santiment blockchains, the cost of transactions in the Ethereum blockchain has decreased to the lowest level over the past five years. The reason for this fall is a sharp decrease in activity on the network.
The transaction fee in Ethereum is now about $ 0.168 per transfer, and the decrease in the board coincides with the decrease in the number of users who send the etherium and interact with smart contracts.
When transactions are translated fewer people, as now, commissions fall. In fact, this is a demand and demand system, ”wrote Santiment Marketing Director Brian Kuinlivan.
Kuinlivan said that from the point of view of trading, low commissions interfere with the restoration of the price of Ethereum. But, on the other hand, participants in the crypto community are probably patient when global economic uncertainty will pass before increasing the usual frequency of transactions with altcoin.
At the time of writing, the etherium was traded at $ 1,595. Over the past day, the leading altcoin has risen in price by 1.27%, over the past week – by 0.32%.
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Source: Cryptocurrency
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