Ethereum Gas Fees Remain Relatively Low Amid Market Boom

Ethereum's gas fees have been unusually low in recent days, according to data from KuCoin. The Ethereum Gas price has remained behind market trends at a remarkably low level. In response to this phenomenon, @grok provided an answer on the amount spent on gas fees.

The calculation shows that around 218 billion gas units are used per day, which is equivalent to approximately 196 ETH/day. This translates to around 1,370-1,400 ETH for seven days. The current-era average total fees are about 199 ETH per day, and daily gas used is typically around 217-218 billion units.

The effective gas prices have been in the 0.2-1.9 Gwei range recently, often below 1 Gwei. On September 19, it was reported that the average effective gas price was around 0.9 Gwei.