Ethereum's Glamorous Transformation: From 'Exorbitant Fees' to 'Best Value King,' the Victory of L2 Technology!
Ethereum Transaction Fee Revolution: From Exorbitant to Affordable, What Happened?
In the world of cryptocurrency, Ethereum has always been a focal point. However, it once deterred countless ordinary users due to its high transaction fees. In 2021, the cryptocurrency market experienced a frenzied surge, and Ethereum's transfer fees skyrocketed to jaw-dropping levels. At that time, an ordinary transaction fee could even reach $1000, equivalent to 0.5 ETH at the time. For ordinary investors, this was undoubtedly a heavy burden, and the exorbitant fees made them hesitant to use the Ethereum network, even deterring them completely. Even more astonishing was that on May 12, 2021, the average transaction fee for Ethereum actually soared to $69.92, prompting many users to exclaim, 'This fee is just outrageous, it's simply unaffordable!'
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.