This month, Ethereum (ETH) saw the average price of its transactions decrease considerably, even going as far as going under the levels of summer 2020. What are the reasons for such a decline?

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The price of a transaction reaches lowest on Ethereum

Although a low point had already been reached last September, The average cost of a transaction on Ethereum (ETH) fell considerably in Februaryeven going so far as to go under the recorded levels just before the previous Bull Run.

Last week, the price even fell to $ 0.5 during the day of February 15, a level that has never reached since the start of the summer of 2020:

Average daily price of a transaction on Ethereum (ETH) in the last 30 days

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Regarding the price of the Gas as such, the observation is similar, with several days below the 3 GWEI on average. Moreover, the famous day of February 15 would have even been a historic lowest, at the rate of an average of 1.9 GWEI, according to data from Etherscan.

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Tracks of reflection on this decrease

While the blockchain now counts 20 to 30 % more transactions each day than it counted in the summer of 2020, Ethereum's successive updates have helped lower transaction costs. Therefore, it is now possible to perform more transactions at a lower price.

Nevertheless, being limited to this reasoning would be a mistake, because it is clear that for the moment, Ethereum disappoints during this Bull Run. Beyond the only price of the ETH, at 2,730 dollars when writing these lines, the general public actually seems to favor Solana (soil) and its same.

In addition, the growing number of Layer 2 sur Ethereum also dispersed the activity of the network, although the transmission of the states of said layer 2 on the main blockchain, however, generates activity.

To this is added a drop of temporary interest in cryptocurrencies after the euphoria that followed Donald Trump's victory last November, resulting in a ranging on prices.

👉 On the same subject-Ethereum, can we always believe it? Technical analysis of the Ether of February 17, 2025

Despite everything, Ethereum still remains, by far, the largest decentralized finance blockchain (DEFI)with nearly $ 68 billion in total locked value (TVL), or more than 53 % of market share.

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Source: Etherscan

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Since 2021, I have devoted my free time to seriously train myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to carry out interviews with influential personalities from the blockchain industry. I also conduct in -depth analyzes on web3 themes to offer exclusive content to cryptoast readers.

Vincent Mayor

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