Ethereum’s total daily transaction fees hit an eight-month low after it plunged to 1,719 ETH approximately $2.1 million on Aug 27. The recent decline in total gas fees can be attributed to low network activity and the rise of layer 2 scaling solutions. According to data from on-chain analytics firms CryptoQuant and IntoTheBlock, the second-largest cryptocurrency, became the cheapest since Dec 26. ... Read More: Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022
