Ethereum gas fees drop to lowest levels since August 2021 By Cointelegraph

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Gas fees for transactions on the blockchain have dropped to the lowest levels since August. But, they’re still not cheap.

According to data sourced from Coin Metrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of Wednesday totaled $11.14, placing it back among the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021.

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