IntoTheBlock analyst: A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving
According to ChainCatcher, IntoTheBlock analyst Slim Daddy said that on April 27, ETH's average transaction fee fell below $2.6 per transaction. According to IntoTheBlock, the last time we saw such a fee drop was in October 2023, when it was as low as $1.78. A reduction in average transaction fees generally indicates that the efficiency of blockchain networks in processing transactions is improving and network congestion is decreasing.
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