What is the daily price of ETH gas?
The daily price of ETH gas varies depending on network demand, transaction volumes, and other factors. Recently, with the surge in Ethereum transactions, the gas fees have also increased significantly, sometimes reaching averages of 7 USD or more per transaction. However, the fees can fluctuate widely, so it's important to check the current gas prices before initiating a transaction on the Ethereum network.
What time of day is ETH gas cheapest?
Users often wonder about the optimal time to conduct Ethereum transactions in order to minimize Gas fees. Gas prices, denoted in Gwei, can fluctuate based on network congestion and demand. Typically, Gas is cheaper during periods of lower network activity, such as early morning or late-night hours in major time zones. However, specific times may vary due to global events or market trends.