Ethereum Transaction Fees Fall While NFT Market Stumbles

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Ethereum is getting less expensive to use: as the NFT boom takes a breather, transaction fees have declined to levels unseen since August 28. The average cost of a transaction on Ethereum is right now is $12.2, according to Etherscan. 
Fees, paid for each transaction and mostly burned by the network, increase depending on the time of day; for the entirety of yesterday, the average transaction fee was $29, according to BitInfoCharts. 
That’s a dramatic decline from averages $59 on September 11 just four days ago. That high of $59 was the highest average price for a transaction on Etheruem since May 19, when fees also hit $59. The highest ever average fee, $69, was observed set on May 21.

Fees heated up in the past few weeks as the NFT market went crazy and the price of ETH started to rise. However, the seven-day average for NFT sales has declined ever since August 29, according to NonFungible.com, from just over $1 billion to $217 million yesterday.
And daily sales are even lower.

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Źródło: https://decrypt.co/80730/ethereum-transaction-fees-fall-while-nft-market-stumbles

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