{"id":9150,"date":"2022-03-10T08:42:02","date_gmt":"2022-03-10T08:42:02","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/ethereum-gas-fees-drop-to-lowest-levels-since-august-2021\/"},"modified":"2022-03-10T08:42:05","modified_gmt":"2022-03-10T08:42:05","slug":"ethereum-gas-fees-drop-to-lowest-levels-since-august-2021","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/ethereum-gas-fees-drop-to-lowest-levels-since-august-2021\/","title":{"rendered":"Ethereum gas fees drop to lowest levels since August 2021"},"content":{"rendered":"
Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they\u2019re still not cheap.<\/p>\n
According to data sourced<\/a> from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back amongst the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021. <\/p>\n The cost of transactions on the @Ethereum<\/a> network has not been this low since Aug 2021. Notably, gas prices surged after staying in this range for about 3 months with experts attributing the spike to a rise in interest in the #NFT<\/a> and #DeFi<\/a> ecosystems.<\/p>\n https:\/\/t.co\/oLDJyfSea2 pic.twitter.com\/ieigvLT4Gz<\/a><\/p>\n\n