Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise

While Ethereum network salaries to transfer data dropped significantly in recent times, tapping a low of $5.98 per transaction in mid-March, gas fees are rising previously again on the second-largest cryptocurrency network in terms of market valuation. On Sunday, April 3, the average transaction network fee is there 0.0056 ether or $19.58 per transfer.

Ethereum Network Fees Spike

Last month was one of the best times to cheaply affect ethereum (ETH) without it costing a fortune in network fees. On March 12, 2022, Ethereum’s network fees dropped to a low of $5.98 per annals after reaching a high on January 10, at $52 per transfer.

The transaction fee facts highlights that between mid-January to mid-March, ethereum fees decreased by 88.49%. However, since the low 22 hours ago, Ethereum (ETH) network fees increased to $19.58 per transfer on average.

At the time of writing, Ethereum’s average network fee is 0.0056 ether per bargain proceedings and median-sized ETH fees can cost 0.0021 ETH or $7.47 per transaction. Median-sized fees (MSF) on Ethereum reached a low of $2.39 per transfer on Walk 11, 2022. On January 10, MSF on Ethereum tapped a high of $29 per transfer.

While both usually fees and MSF on Ethereum have risen via layer one (L1), layer two (L2) fees have also increased. Loopring currently presents the lowest L2 fee at $0.15 per transfer. To swap a token via Loopring the cost is $0.87. On Sunday, April 3, the current L1 payment to swap a token is $25.67 per transaction.

Zksync offers common ethereum (ETH) transfers for $0.21 per L2 transfer, while mark swap transactions will cost $0.52 per swap. Polygon Hermez is $0.25 to simply move ethereum and Boba Network last will and testament charge $0.79 per transfer. Boba Network costs $1.27 to trade an Ethereum-based token.

Arbitrum One L2 fees are currently $0.81 per convey and the cost to trade tokens via Arbitrum is $1.12. Optimism fees are $1.28 per ETH transfer and it’s currently $1.89 to swap a symbolic via Optimism’s L2 infrastructure. Users can also leverage the Aztec Network which will cost $2.48 per ETH transfer, which is much cheaper than the $7.47 MSF per action.

What do you think about Ethereum network remunerations starting to rise again after last month’s low? Let us know what you think about this subject in the references section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist persevering in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source jurisprudence, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com Word about the disruptive protocols emerging today.