Ethereum fees have been falling over the past few days

In early November, the average commission on the Ethereum network was more than $ 55, the highest in two months. However, already last week, despite the rally in Ether (ETH), fees began to decline rapidly.

According to the BitinfoCharts platform, the online commission is now around $ 36. The drop in Ethereum fees could be the result of weakening transaction activity. The average daily number of transactions on the blockchain fell to 1.27 million, although last week this figure exceeded 1.4 million.

At the same time, the underlying asset of the ETH network, on the contrary, has been adding in value since last weekend. Now the price of Ether exceeds $ 4729. Altcoin capitalization per day increased to $ 554 billion. The network hashrate set a new record, exceeding 830.08 TH/s.

More than 860,000 ETH have left the exchanges since the beginning of October, her report says, easing the pressure on the asset from sellers. About 8 million coins have been blocked in DeFi protocols, the researchers emphasized.