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Ethereum Gas Fees Highest During US Business Hours, Coin Metrics Finds
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Ethereum (ETH) fees are still on the rise, with no day so far in November seeing average transaction fees of less than USD 30. However, the fees vary significantly depending on the time of day transactions are made, opening up opportunities for savings, a new report from on-chain analytics firm Coin Metrics has found.
According to the report, transaction fees on Ethereum – also called gas fees – are highly dependent on the amount of traffic on the network at any given time – an issue that is still present after Ethereum’s implementation of the EIP-1559 upgrade.
As pointed out by Coin Metrics, Ethereum transaction fees since EIP-1559 include a fixed-per-block network fee known as a base fee that must be paid in order for a transaction to be
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