Since September 15, 2024, onchain fees on the Ethereum network have experienced a significant increase, beginning at $1 per transaction and escalating to $5.08 by September 20. Despite a temporary dip, average costs reached $4 on September 23.
By Tuesday morning, the average cost per transfer had climbed to 0.0027 ETH, equivalent to $7.06. The rising fees are causing concerns among Ethereum users, impacting their overall transaction costs.
