We clarified the latest data: it is really expensive to conduct a transaction in Etherium right now. Specifically, a common ETH transfer, which traditionally costs noticeably more than ERC20 tokens, costs the equivalent of $14.67. Transferring tokens is three times more expensive – a transaction will cost an average of $45.

The cost of conducting transactions on the Etherium network

Finally, you’d better not think about exchanging your tokens on decentralized exchanges like Uniswap, which we already know. A swap will cost around $140.

Here is a graph of the average fee in blockchain. Yesterday it was $51.

Average commission on the Etherium network

How much does a transaction on the Etherium network cost?

Transaction fees on the network are rising in tandem with its congestion, with the latter rising amid the hype surrounding Etherium. The coin has really attracted a lot of attention over the past couple of weeks – along with Bitcoin, ETH has reached a new all-time high for its value and is trading at $4351 this morning.

Etherium price over the last 90 days

In addition to the price, Etherium’s trading volumes are also rising. The coin’s total daily transactions a couple of days ago stood at $26 billion, while a week ago that figure was almost half as high. The correlation is logical: the more transactions there are, the more often crypto-enthusiasts move their coins around the network and the greater the load on the network.

Average commission size on the Etherium network over the last six months

The trend of ethers being withdrawn from centralised cryptocurrency exchanges is also noticeable. This means that ETH holders continue to withdraw coins to either store them in hardware wallets for longer periods of time, or use them to interact with the world of decentralised finance. The day before, the share of ethers on cryptocurrency exchanges from the total cryptocurrency supply fell to 12.2 per cent. Here’s the corresponding graph.

Share of ethers on cryptocurrency exchanges

Note that the integration of the London upgrade, which took place on the Etherium network in early August, did not have a positive impact on the amount of commissions. London introduced a mechanism to burn ETH in every transaction, but the cryptocurrency is still inflationary, meaning miners mine on average more coins than they burn. At the same time, almost 730 thousand ETH has already been burned since the update was integrated.

Number of ETH burned since the integration London


Importantly, Etherium miners can be rewarded for mining the cryptocurrency without excessive fees. This is made possible through the efforts of the developers of the 2Miners pool, who have introduced the ability to have their earnings paid out in BTC or NANO.

Two conclusions follow from this. Firstly, Etherium miners can make money from the high commissions on the network without paying them. Second, anyone with a video card can join the 2Miners pool and earn bitcoins for their wallet if they wish. Obviously, at this stage of market development this will clearly pay off. Read more about the payout system in a separate article.


After London, the next step for Etherium on its way to the Proof-of-Stake algorithm was a successful upgrade called Altair. As Decrypt journalists suggest, the price of ETH is now rising precisely on the hype surrounding this event.

So when can we expect the commissions to go down? We believe it may happen at the time of the next correction of the coin’s price, when a large drawdown will negatively affect the network’s activity. In the meantime, there’s no reason to hope for a change in the blockchain situation: the exchange rate is still near its all-time high, and Etherium itself remains the most popular network for dealing with decentralized finance, NFT tokens and other high-stakes stuff.

NFT-series Cryptopunks on the streets


We believe that at the moment, Etherium can be described as a victim of its popularity. The cryptocurrency has yet to learn how to handle a large number of transactions per second, as it will after the move to Proof-of-Stake, but it is already being used by a huge number of people. As such, less experienced market participants continue to pay high fees because they are hesitant to look for alternatives, while market insiders are moving to blockchains like Avalanche and Solana, and using various network add-ons to interact more affordably with the Eth network.


In the meantime, all that remains is to watch the bullpen and accumulate ETH in your cryptocurrency wallets. To mine Etherium, you’ll need your own video card-based crypto farm, which our cryptochat subscribers can help you assemble. There we will discuss other important news affecting the blockchain and decentralisation industry.