Affected by the surge in gas fees, the average cost of NFT transactions once approached $400.
The surge in cryptocurrency market prices has led to a sharp increase in Ethereum Gas fees. In the past 24 hours, Ethereum Gas fees have exceeded 174 gwei, which means that the average cost of completing an NFT transaction on Ethereum has exceeded $372.29. This means that users must pay hundreds of dollars even to exchange personal profile pictures (PFP) for free among friends. Additionally, the cost of exchanging tokens on Ethereum is almost $220, which could offset the potential profits from converting tokens.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
FORMUSDT now launched for futures trading and trading bots
A newly created address spent a total of $128,000 to build a position in the past 11 hours
Institutional DeFi: Ethena Labs and Securitize Launch Converge

Trending news
MoreCrypto prices
More








