On Saturday, Ethereum transaction fees tapped a low not seen since November 2020 as the average network fee dropped to 0.0016 ether or $1.67 per transfer. Average fees on Saturday have been as low as 32 gwei or $0.69 per transfer as Ethereum gas fees have been steadily dropping since May 11, 2022.
The aforementioned fees only apply to sending ether as well, and an Opensea contract, decentralized exchange (dex) swap, or an ERC20 transfer can cost even more.
What do you think about the low Ethereum network transfer fees on July 2, 2022? Let us know what you think about this subject in the comments section below.