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IntoTheBlock analyst Slim Daddy said that the average transaction fee for ETH fell below $2.60 per transaction on April 27. According to IntoTheBlock, the last time we saw such a fee decline was in October 2023, when it was as low as $1.78. The decrease in average transaction fees typically indicates that the efficiency of blockchain networks in processing transactions is improving, and network congestion is decreasing.

2024-04-29 14:35:41