Ethereum Network Fees Drop to $1.15 in 2023: What This Means for the Future

In 2023, Ethereum transaction fees have touched a yearly low, averaging just $1.15, as reported by Santiment. This significant fee reduction is a consistent trend, pointing towards enhanced network usability.



Ethereum's affordability is making it a preferred choice for users, which could uplift its market value. Recent data reveals a surge in on-chain Ethereum transactions, hitting a near-record 1,089,893 User Active Wallets (UAW).



Santiment analysts suggest such on-chain activity spikes could signal potential price rebounds, reinforcing Ethereum's market cap in upcoming months.



While other cryptocurrencies face price fluctuations, Ethereum stays strong above $1,500. Analysts in June foresaw Ethereum's potential to reach a historic $3,000 milestone, driven by its dwindling reserves on exchanges—now at a mere 1


First found on: https://coinatory.com/cryptocurrency-news/ethereum-network-fees-13535/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP