Ethereum mainnet's daily transaction volume hits a new record of 2.2 million transactions, with average transaction fees dropping to 17 cents.

PANews December 31 News, according to Cointelegraph, this week, the Ethereum mainnet set a new record for single-day transaction volume, reaching 2.2 million transactions, while the average transaction fee has dropped to just 17 cents. Ethereum’s highest transaction fee record was in May 2022, when users paid over $200 per transaction. However, despite the continuous growth in network usage, ongoing upgrades have significantly reduced fees. Since October 10, fees have been on a downward trend. On that day, affected by a major liquidation event due to a sharp market decline, the fee was approximately $8.48.