#GasFeeImpact #GasFeeImpact ETH Gas Fees

• Fee Structure:

Transactions on Ethereum require a gas fee paid in gwei (1 gwei = 10⁻⁹ ETH). The fee is split between a network-determined base fee (which is burned) and an optional priority tip paid to validators.

• Current Rates:

Based on data from Etherscan’s Gas Tracker, the average gas fee is about 0.697 gwei. For reference, “low” gas fees are around 0.634 gwei and “high” fees near 0.734 gwei.

• Network Dynamics:

Gas fees vary with network congestion. When many transactions compete for block space—such as during popular DeFi activity or NFT drops—the gas price may spike. Conversely, during off-peak hours, fees tend to be lower. Tools like Etherscan, ETH Gas Station, or Blocknative’s Gas Estimator can help monitor these changes.

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ETH Trading Information

• Price & Volume:

Ethereum (ETH) is trading at approximately $2,708 USD. The recent market data shows a 24‑hour trading volume of roughly $32 billion USD and a market capitalization near $326 billion USD.