Ethereum mainnet sets new single-day record with 2.2 million transactions, average transaction fee drops to $0.17

PANews, December 31—According to Cointelegraph, this week, Ethereum mainnet set a new single-day transaction volume record, reaching 2.2 million transactions, while the average transaction fee has dropped to just $0.17. Ethereum’s highest transaction fee record occurred in May 2022, when users had to pay over $200 per transaction. However, despite the continued growth in network usage, ongoing upgrades have significantly reduced fees. Since October 10, fees have also shown a downward trend. On that day, due to a major liquidation event triggered by a sharp market downturn, the fee was about $8.48.