Post-Merge Ethereum fees continue to remain much lower than last year

I remember that last year the average transaction fee on the Ethereum network was around 62.84 nominal U.S. dollars per transaction, according to bitinfocharts.com. Today, the average gas cost required to send ether is estimated to be around $2.87 which is 95.43% cheaper than it was over a year ago in November 2021.

According to statistics, fees associated with the Ethereum network have been less than $5 per transaction over the last 175 days.

According to metrics, the average Ethereum transfer on December 10, 2022, is around 0.0023 ether or $2.87, while the median-sized gas fee is around 0.00097 ether or $1.23 per transfer. According to Ethereum gas metrics collected by etherscan.io, high transfer fees are even lower than the median and average-sized gas payments.

Metis fees for sending ether are approximately $0.04 per transfer, and Optimism L2 fees are approximately $0.10 per transaction. Similarly, the value of Zksync, Loopring, Polygon Hermez, Boba, and Aztec L2 transactions is significantly lower than that of traditional on-chain Ethereum network transfers.

Do you think these prices are gonna stay the way they are right now? Do you think there wouldn't be any significant changes?

On Saturday, sending an ERC20 token such as USDT or USDC is estimated to cost $1.31 per transfer, while swapping an ERC20 coin may cost a user around $4.48 in gas fees. While Ethereum on-chain fees have been low, layer two (L2) fees have been even lower over the last 175 days.