Vitalik Buterin Blockchain Ethereum Adoption fees Vitalik Buterin

Ethereum average gas fee falls down to $1.57, the lowest since 2020

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The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction.

However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is set to change. The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020.

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