Data from Token Terminal via Cointelegraph shows Ethereum network fees have fallen sharply to around $0.016 per transaction, signaling lower network congestion and improved efficiency.
Ethereum’s average transaction cost has dropped by 99% since its November 2021 peak, now standing at $0.016, according to Token Terminal data cited by Cointelegraph. The decline highlights the network’s enhanced scalability and reduced congestion, likely supported by technical upgrades such as layer-2 (off-chain scaling) solutions and increased adoption of rollups (bundled transaction processing). While historical peaks reflected heavy usage and limited block space, the lower current fees suggest a more efficient and accessible environment for decentralized finance (DeFi) and broader blockchain applications.