Ethereum Fees Plummet 85% as Price Bounces Back Above $2,480
Ethereum's network fees have taken a significant hit, plummeting over 85% as the asset's price rebounds.
The average cost per ETH transfer has dropped to around $0.095 from this year's peak of $0.72 on April 21, according to Santiment's findings.
This decline in fees makes the network cheaper to use and could potentially boost DeFi activity as well as trading adoption.