{"id":63874,"date":"2022-07-04T12:12:02","date_gmt":"2022-07-04T09:12:02","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63874"},"modified":"2025-09-06T11:20:55","modified_gmt":"2025-09-06T08:20:55","slug":"ethereum-transaction-fees-fall-to-december-2020-levels","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-transaction-fees-fall-to-december-2020-levels\/","title":{"rendered":"Ethereum transaction fees fall to December 2020 levels"},"content":{"rendered":"

On Saturday, June 2, the average Ethereum transaction fee stood at $1.67. Such levels had last been seen in December 2020, according to BitInfoCharts<\/a>.<\/p>\n

\\\"Ethereum
Data: BitInfoCharts.<\/figcaption><\/figure>\n

Since January 2021, fees have risen amid rapid growth in the DeFi sector and a boom in NFTs. The average fee peaked on May 1, 2022 at $196,683, after which fell as the market cooled<\/a>.<\/p>\n

In June, NFT sales posted their worst figures for the year. According to NonFungible<\/a>, by mid-month the daily trading volume stood at $13.8 million across roughly 16,200 trades.<\/p>\n

\\\"Ethereum
Data: NonFungible.<\/figcaption><\/figure>\n

Total value locked in DeFi protocols on the Ethereum network fell to $45.7 billion \u2014 levels last seen in early March 2021. The aggregate figure stands at $72.8 billion.<\/p>\n

\\\"Ethereum
Data: DeFiLlama<\/a>.<\/figcaption><\/figure>\n

On June 26, the number of daily Ethereum transactions stood at about 920,000. Such low network activity was last seen in autumn 2020.<\/p>\n

\\\"Ethereum
Data: Etherscan<\/a>.<\/figcaption><\/figure>\n

As of June 30, daily miner revenue fell to about ~6,784 ETH or about $7.2 million (Glassnode<\/a>). At the peak, on May 1, miners earned about $269.3 million.<\/p>\n

\\\"Ethereum
Data: Glassnode.<\/figcaption><\/figure>\n

In February, Ethereum co-founder Vitalik Buterin put forward two proposals<\/a> to reduce transaction costs using ZK-Rollups.<\/p>\n

ForkLog explained how solutions based on the technology contribute to network scalability in an exclusive<\/a> interview.<\/p>\n

Read ForkLog’s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Saturday, June 2, the average Ethereum transaction fee stood at $1.67. Such levels had last been seen in December 2020, according to BitInfoCharts.<\/p>\n","protected":false},"author":1,"featured_media":63875,"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],"class_list":["post-63874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63874","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=63874"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63874\/revisions"}],"predecessor-version":[{"id":63876,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63874\/revisions\/63876"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/63875"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}