Following the implementation of the Shapella upgrade on April 12, the cost of the ethereum network has risen significantly. Over the past 30 days, on-chain fees have increased by more than 153% from the previous $4.65 to the current average of $11.80 per transaction. This data highlights a significant increase in transaction-related costs on the ethereum network, indicating a significant increase in on-chain activity.
Over the past month, Ethernet network fees have increased significantly, with on-chain transfer fees increasing from $4.65 per transaction on April 1 to an average of $0.0064 ETH or $11.80. The data shows that the average cost of the ethereum network has increased by a staggering 153% in just 30 days. In addition, even the "medium protocol" fees are significantly higher, increasing 157% from $2.13 per transfer on the first day of April to the current level of $0.003 ETH or $5.49 per medium transaction.
Over the past month, Ethernet network fees have increased significantly, with on-chain transfer fees increasing from $4.65 per transaction on April 1 to an average of $0.0064 ETH or $11.80. The data shows that the average cost of the ethereum network has increased by a staggering 153% in just 30 days. In addition, even the "medium protocol" fees are significantly higher, increasing 157% from $2.13 per transfer on the first day of April to the current level of $0.003 ETH or $5.49 per medium transaction.