Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022

Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27.
The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions.
According to data from on-chain analytics firms CryptoQuant and IntoTheBlock, the second-largest cryptocurrency, became the cheapest since Dec 26. …
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