From mid-March to the first week of April, the average Ethereum network fee rose from $5.98 to $43.41 (as of April 5, 2022), an increase of 625%.
After April 5, however, it began to decline and may fall to much lower levels.
On April 17, 2022, this figure for sending ETH through the first tier of the network was 0.0034 ETH or $10.32 per transaction.
The average network fee is dynamic, and is always changing. The median fee is the average amount users are currently willing to pay to confirm their Ethereum transactions.
The median transfer fee in the blockchain is characterized by lower values than the average fee. The median transfer fee as of April 17 was 0.0011 ETH or $3.47 per transaction.
Ethereum users who pay median network fees pay 66.37% less than those who are willing to pay the average fee. Similar to the average fee 12 days ago, the median ethereum fee rose to $10.31 on April 5.
Sunday’s stats show that Level 2 (L2) commissions have also declined significantly recently. Metis Network’s L2 solution is now the cheapest, providing a figure of $0.03 per transfer. Accordingly, Metis Network transactions are 99.70% cheaper than the average transaction fee on the network.
Loopring is the second least expensive L2 channel, where sending Ethereum (ETH) cost $0.05. The Zksync protocol currently charges a similar $0.05 per transaction, and the coin swap is priced at around $0.13. L2 participants can also use Boba Network, Optimism, Polygon Hermez, Aribitrum and Aztec Network.
Note that at the same time bitcoin (BTC) transfer fees had much lower values: 0.000000084 BTC per byte, which corresponds to 0.000028 BTC or $1.15 per transaction. The average BTC commission is 88.85% lower than the average ETH commission. The median commission on the bitcoin network is only 0.0000082 BTC or $0.332, which is 90.43% cheaper than the median commission on the Ethereum network.