The Ethereum network’s price has plummeted dramatically, which has thrilled many ETH traders.
As we’ve mentioned several times this year, the exorbitantly high gas costs have made life difficult for many ETH aficionados. Remember two months ago when the average value of ETH Gas was $ 30 for ERC20 transfers, and the Uniswap Swap soared to nearly $ 100 on average?
However, all changed in June, when we saw a significant improvement.
As you can see in the chart, the Ethereum Average Gas Price is currently at 23.19 Gwei, which is down 89 percent from two months ago’s the value of 226 Gwei.
The average price for ERC20 transfers is $ 2.49, whereas the Uniswap Swap is $ 7.67. (at the time of writing).