How much are ETH fees?

Arcane Research reports that Ethereum transaction fees are at a six-month low. The research shows that the average price per transaction on the Ethereum blockchain was $15 , compared to fees during peak traffic last fall as high as a few hundred dollars.

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Why are ERC-20 fees so high?

The primary justification for high bitcoin excavator charges is organic market . The bitcoin block size is 1MB, which implies that excavators can just affirm 1MB worth of exchanges for each square (one like clockwork). So that is the reason the digger charges on ERC-20 are so high.

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How are ERC-20 fees calculated?

ERC-20 tokens utilize Ethereum addresses and transactions use the same Ethereum network as ETH. As such, outgoing ERC-20 withdrawal transactions also require gas fees to process transactions. The gas fees required are dynamically calculated based on prevailing Ethereum network activity (gas price * gas limit) .

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