{"id":43551,"date":"2021-06-01T14:45:55","date_gmt":"2021-06-01T11:45:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=43551"},"modified":"2025-08-31T12:56:56","modified_gmt":"2025-08-31T09:56:56","slug":"bitcoin-and-ethereum-network-fees-fall-to-january-levels","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-and-ethereum-network-fees-fall-to-january-levels\/","title":{"rendered":"Bitcoin and Ethereum network fees fall to January levels"},"content":{"rendered":"<p>Average fees in the Bitcoin and Ethereum networks continue to decline and have already reached January 2021 levels.<\/p>\n<p><!--more--><\/p>\n<p>At the time of writing, the average transaction fee in the Bitcoin network stood at $7.57, although on April 21 the figure had surpassed $60.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/fees-8-1024x576.png\" alt=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0432 \u0441\u0435\u0442\u044f\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0438 Ethereum \u0443\u043f\u0430\u043b\u0438 \u0434\u043e \u044f\u043d\u0432\u0430\u0440\u0441\u043a\u0438\u0445 \u043e\u0442\u043c\u0435\u0442\u043e\u043a\" class=\"wp-image-137355\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/fees-8-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/fees-8-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/fees-8-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/fees-8.png 1027w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/blockchair.com\/ethereum\/charts\/average-transaction-fee-usd?interval=3m&#038;compare=bitcoin\">Blockchair<\/a>.<\/figcaption><\/figure>\n<p>One of the reasons for such a sharp drop in average transaction fees could be the <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-falls-by-16\">a year-to-date drop in mining difficulty<\/a>. It may also reflect reduced market activity, as suggested by Bitcoin&#8217;s price consolidating in a tightening range.<\/p>\n<p>For Ethereum, the corresponding figure is $4.72, though less than two weeks ago it had reached $100.<\/p>\n<p><script async=\"\" src=\"https:\/\/telegram.org\/js\/telegram-widget.js?15\" data-telegram-post=\"forklog\/19336\" data-width=\"100%\"><\/script><\/p>\n<p>To confirm a transaction within 3 minutes, a gas price of around 18 Gwei should be set.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"288\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Etherscan-5-1024x288.png\" alt=\"\u041a\u043e\u043c\u0438\u0441\u0441\u0438\u0438 \u0432 \u0441\u0435\u0442\u044f\u0445 \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0438 Ethereum \u0443\u043f\u0430\u043b\u0438 \u0434\u043e \u044f\u043d\u0432\u0430\u0440\u0441\u043a\u0438\u0445 \u043e\u0442\u043c\u0435\u0442\u043e\u043a\" class=\"wp-image-137356\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Etherscan-5-1024x288.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Etherscan-5-300x84.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Etherscan-5-768x216.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Etherscan-5.png 1364w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: <a href=\"https:\/\/etherscan.io\/gastracker\">Etherscan<\/a>.<\/figcaption><\/figure>\n<p>To swap tokens or add liquidity to the Uniswap pool, a network participant would need less than $10.<\/p>\n<p>The largest gas consumers on the Ethereum network remain the decentralized exchange Uniswap and the issuer of the stablecoin USDT, the company Tether. <\/p>\n<p>As reported, Ethereum developers <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-uncover-vulnerability-in-eip-1559\">identified a vulnerability<\/a> in the EIP-1559 proposal, which envisages burning part of the transaction fees and helps reduce gas-price volatility.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average fees in Bitcoin and Ethereum networks continue to fall and have already reached January 2021 levels.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1178,46],"class_list":["post-43551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockchain-fees","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=43551"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43551\/revisions"}],"predecessor-version":[{"id":43552,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/43551\/revisions\/43552"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=43551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=43551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=43551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}