{"id":35536,"date":"2021-01-28T18:29:30","date_gmt":"2021-01-28T16:29:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=35536"},"modified":"2025-08-29T01:46:17","modified_gmt":"2025-08-28T22:46:17","slug":"researchers-explain-how-to-cut-ethereum-transaction-costs","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/researchers-explain-how-to-cut-ethereum-transaction-costs\/","title":{"rendered":"Researchers Explain How to Cut Ethereum Transaction Costs"},"content":{"rendered":"<p>The summer 2020 boom in the decentralized finance sector has led to higher Ethereum network fees. Flipside Crypto analysts have determined the times of day when users can save on transactions.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ethereum fees have been the topic of conversation lately, as they can get too high to make transacting affordable \u2014 is there a best time to transact? <a href=\"https:\/\/twitter.com\/flipsidecrypto?ref_src=twsrc%5Etfw\">@flipsidecrypto<\/a> investigates! <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\">#Cryptocurrency<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Altcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&#038;ref_src=twsrc%5Etfw\">#ETH<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a><a href=\"https:\/\/t.co\/QzqCbjcJhN\">https:\/\/t.co\/QzqCbjcJhN<\/a><\/p>\n<p>\u2014 CoinMarketCap (@CoinMarketCap) <a href=\"https:\/\/twitter.com\/CoinMarketCap\/status\/1354467965274566658?ref_src=twsrc%5Etfw\">January 27, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The problem of high costs when interacting with DeFi apps remains relevant today. On January 11, the average fee on the Ethereum network \u2014 the second-largest cryptocurrency by market capitalisation \u2014 reached a new high of $19.24. By January 28, the metric had fallen to $6.61. The Ethereum founder Vitalik Buterin had previously stated that <a href=\"https:\/\/forklog.com\/en\/news\/buterin-urges-developers-to-focus-on-layer-two-solutions\">&#8220;years remain&#8221;<\/a>.<\/p>\n<div id=\"attachment_123334\" style=\"width: 1028px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123334\" class=\"size-full wp-image-123334\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM.png\" alt=\"Researchers explain how to cut Ethereum transaction costs\" width=\"1018\" height=\"583\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM.png 1018w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-300x172.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-768x440.png 768w\" sizes=\"auto, (max-width: 1018px) 100vw, 1018px\" \/><\/p>\n<p id=\"caption-attachment-123334\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/blockchair.com\/ethereum\/charts\/average-transaction-fee-usd?interval=3m\" target=\"_blank\" rel=\"noopener noreferrer\">Blockchair<\/a>.<\/p>\n<\/div>\n<p>Flipside Crypto analysts built a sample of fees by hourly intervals for 2020 to identify periods with the highest and lowest values.<\/p>\n<p>In the illustration below, blocks highlight zones with the densest data. The colour indicates the fee size. Black dots denote [simple_tooltip content=\u2019\u0440\u0435\u0437\u043a\u043e \u043e\u0442\u043a\u043b\u043e\u043d\u044f\u044e\u0449\u0438\u0435\u0441\u044f \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f\u2019]statistical outliers[\/simple_tooltip].<\/p>\n<div id=\"attachment_123335\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123335\" class=\"size-full wp-image-123335\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-1.png\" alt=\"Researchers explain how to cut Ethereum transaction costs\" width=\"1200\" height=\"675\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-1.png 1200w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-1-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-1-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_50-PM-1-768x432.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-123335\" class=\"wp-caption-text\">Structure of Ethereum fees by time of day. Data: <a href=\"https:\/\/coinmarketcap.com\/alexandria\/article\/what-is-the-best-time-to-transact-on-ethereum-flipside-crypto\" target=\"_blank\" rel=\"noopener noreferrer\">Flipside Crypto<\/a>.<\/p>\n<\/div>\n<p>Researchers found that the highest fees occur from 2 to 6 PM UTC (from 17:00 to 21:00 Moscow Time). The lowest fees for the network are typical during the night hours (4:00\u20136:00, 8:00\u201311:00, 12:00\u201314:00 Moscow Time).<\/p>\n<div id=\"attachment_123336\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123336\" class=\"size-full wp-image-123336\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_51-PM.png\" alt=\"Researchers explain how to cut Ethereum transaction costs\" width=\"1200\" height=\"675\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_51-PM.png 1200w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_51-PM-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_51-PM-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Clipboard-January-28-2021-4_51-PM-768x432.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-123336\" class=\"wp-caption-text\">Number of Ethereum transactions by size of wallets. Data: Flipside Crypto.<\/p>\n<\/div>\n<p>Transaction analysis by time zones showed roughly equal activity between Asia and the United States.<\/p>\n<div id=\"attachment_123337\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-123337\" class=\"size-full wp-image-123337\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-134.png\" alt=\"Researchers explain how to cut Ethereum transaction costs\" width=\"1200\" height=\"675\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-134.png 1200w, https:\/\/forklog.com\/wp-content\/uploads\/4-134-300x169.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-134-1024x576.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-134-768x432.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-123337\" class=\"wp-caption-text\">Ethereum transaction fees by time zones. Data: Flipside Crypto.<\/p>\n<\/div>\n<p>As a reminder, the social content platform <a href=\"https:\/\/forklog.com\/en\/news\/reddit-and-ethereum-foundation-to-develop-scaling-solution-for-the-second-largest-cryptocurrency\">Reddit announced a partnership with the Ethereum Foundation<\/a> to develop scaling solutions for the second-largest cryptocurrency.<\/p>\n<p>In January, the synthetic-asset platform Synthetix carried out a preliminary <a href=\"https:\/\/forklog.com\/en\/news\/defi-project-synthetix-launches-ethereum-layer-2-solution-optimistic-ethereum\">launch of the Ethereum Layer-2 solution Optimistic Ethereum (O\u039e)<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The summer 2020 boom in the decentralized finance led to higher Ethereum network fees. Flipside Crypto analysts determined the times of day when users can save on transactions.<\/p>\n","protected":false},"author":1,"featured_media":35537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,46,2091],"class_list":["post-35536","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-ethereum","tag-flipside-crypto"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=35536"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35536\/revisions"}],"predecessor-version":[{"id":35538,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/35536\/revisions\/35538"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/35537"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=35536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=35536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=35536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}