Transaktion fees, also known as the “”ETH) ecosystem underwent a decremental phase from Jan. 10 to record the lowest average and median fees of $14.17 and $5.67 — lowest since September 2021.

Don’t forget the dataBlockchair data shows that the January average transaction fee was $53.03 for ETH, which was peaking at $70.83 in May 2020. The following chart shows that the average fee saw a drop of almost 73% in a matter of months.