{"id":78319,"date":"2023-05-04T19:07:31","date_gmt":"2023-05-04T16:07:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78319"},"modified":"2025-09-11T04:23:08","modified_gmt":"2025-09-11T01:23:08","slug":"average-ethereum-transaction-fee-hits-may-2022-levels","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/average-ethereum-transaction-fee-hits-may-2022-levels\/","title":{"rendered":"Average Ethereum transaction fee hits May 2022 levels"},"content":{"rendered":"

Gas costs rose, pushing the average Ethereum transaction fee above $15.<\/p>\n

<\/p>\n

The chart below shows that such levels were observed as far back as May 2022.<\/p>\n

\\\"Coin-Metrics-1\\\"
\u0414\u0430\u043d\u043d\u044b\u0435: Coin Metrics<\/a>.<\/figcaption><\/figure>\n

In this case lies in the hype around Ordinals<\/a> and the associated experimental standard of tokens BRC-20, introduced in early March<\/a>.<\/p>\n

On May 3, the total daily volume of fees paid to miners exceeded $3.5 million.<\/p>\n

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

A Dragonfly Researcher, going by the pseudonym Hildobby, in a discussion with The Block<\/a> expressed confidence that the current Ethereum-fees situation is largely tied to hype around meme tokens. The latter affect the Ethereum network because they are traded mainly on DEX<\/a>, implying on-chain operations. <\/p>\n

As reported, the PEPE token last month surged dozens of times, turning some holders of the coin into millionaires<\/a>.<\/p>\n

As of writing, the asset is on CoinGecko’s 70th place<\/a>, surpassing the utility tokens of Optimism and MakerDAO. PEPE’s market capitalization is nearly $700 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gas costs rose, pushing the average Ethereum transaction fee above $15.<\/p>\n","protected":false},"author":1,"featured_media":78320,"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-78319","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":"51","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78319","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=78319"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78319\/revisions"}],"predecessor-version":[{"id":78321,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/78319\/revisions\/78321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/78320"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=78319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=78319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=78319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}