Cryptocurrency Q&A
Why are Ethereum gas fees so low?
Why are Ethereum gas fees so low?
HanbokGlamourQueenElegance
Wed Dec 25 2024
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6
answers
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I'm wondering why the gas fees on Ethereum are currently so low. I've heard they can vary depending on network conditions, but what's causing them to be so cheap at the moment?
6 answers
EthereumEmpire
Fri Dec 27 2024
Conversely, if there is not much traffic on the network, gas prices can be relatively low.
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Maria
Fri Dec 27 2024
Gas fees are directly influenced by the supply and demand for transactions on the network.
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Marco
Fri Dec 27 2024
This scenario occurs when there are fewer transactions vying for processing space.
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ZenMind
Fri Dec 27 2024
When the network experiences high congestion, gas prices tend to increase significantly.
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KpopStarletShine
Fri Dec 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet solutions.
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