Ethereum network fees are falling in 2023. As revealed by blockchain intelligence platform Santiment, the cryptocurrency has witnessed a significant drop in network fees, reaching an all-time low of 2023 – a mere $1.15 per transaction.

This historic decline is not only a breather for users, but also a harbinger of a possible increase in the utility of digital currency. The Santiment pointsbased on previous data, that reductions in transaction fees have been a prelude to increases in Ethereum’s market value.

🤑 #Ethereum network fees have dropped to 2023 lowest level of just $1.15 per transaction. Historically, we have seen utility begin to increase as $ETH becomes more affordable to circulate. Increased utility can then lead to recovery in market capitalization levels.

At the time of publication, the price of ETH was quoted at US$1,591.48, up 0.2% in the last 24 hours.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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