Ethereum average gas fee falls down to $1.57, the lowest since 2020
According to data from Etherscan, the average gas fee on the Ethereum network dropped to $1.26 on July 3. This is the lowest level since 2020.
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638.