Compass Investments

– According to the latest data, Ethereum’s base commission is only 0.8 gwei, which is a multi-year low.

The users are expected to pay for transactions using gwei. Thus, the network is guaranteed to be spam-resistant.

The base fee is the minimum amount in gwei that a user must pay to activate a transaction. Additionally, users can pay a higher fee if they want to include their transaction in the next block.

The Ethereum commission depends on the level of demand on the network. In May 2022, Ethereum’s fees reached a high of $196.

/after the Dencun update, which introduced so-called b-blocks, the network saw a sharp decline in fees.

/a nb-blocks allow the network to significantly increase scalability through faster and cheaper transactions.

/a The steady decline in fees has shattered the deflationary narrative of Ethereum supporters. According to data provided by Ultrasound Money, only 7,729 ETH tokens have been burned in the past seven days, down from 18,064 tokens in the same period.

2.25 billion in Solana (SOL) in 24 hours, what’s going on?

According to Fidelity, the Ethereum blockchain saw its highest inflation rate to date in the second quarter of this year. The company’s analysts believe the network will see several more quarters of inflation.