Just over a month ago, it was a lot more expensive to transfer Ethereum (ETH) onchain, let alone move an ERC20 token, swap tokens, or interact with a smart contract. On December 25, metrics show the average fee spent on the Ethereum network is $22.80 or 0.0056 ether per transaction.
![Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month Ethereum gas fees are currently 62% cheaper than last month](https://static.news.bitcoin.com/wp-content/uploads/2021/12/avg.jpg)
The day prior it was $23.34 per transaction, which is 62.85% lower than the fees recorded on November 9. A 62% savings per data transfer cost is considerable and the median ether fee is even cheaper.
Statistics from bitinfocharts.com indicate that on November 9, the median ether fee was $34.28 per transaction and today, the fee is 0.0032 ETH or $12.99.
![Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month Ethereum gas fees are currently 62% cheaper than last month](https://static.news.bitcoin.com/wp-content/uploads/2021/12/meds23.jpg)
The decrease in median fees size was also more than 62% less than the metrics recorded for median ether fees 46 days ago. Data transfer fees are even lower looking at the recorded median-sized fee by l2fees.info statistics. On Saturday, the fee to transact with Ethereum is $6.78 per transaction but to move a token will cost $15.49 per transfer.
Layer 2 Networks Still Move Ether for Less Money
Swapping a token will cost the user $33.89 per transaction according to l2fees.info statistics today. Of course, layer two (L2) transfer fees are much lower and the lowest provider today in terms of fee rates is Loopring with $0.16 per ether transfer.
Loopring is followed by Polygon Hermez ($0.25), Zksync ($0.33), Arbitrum One ($1.87), and Optimism ($2.00). To swap a token or interact with an Ethereum-based smart contract, it will cost a Zksync user $0.81, a Loopring user $1.02, an Optimism user $2.82, and an Arbitrum user $3.22 per transfer.
![Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month Ethereum gas fees are currently 62% cheaper than last month](https://static.news.bitcoin.com/wp-content/uploads/2021/12/l2.jpg)
In addition to Ethereum network fees getting cheaper, Bitcoin (BTC) network fees are less today as well. In fact, since the end of July, BTC fees have been around $1.50 to $5.00 per transaction on average according to bitinfocharts.com data.
On Saturday, December 25, 2021, the average bitcoin (BTC) fee is 0.000046 BTC which is roughly $2.36 per transaction or 0.0000001 BTC per byte. BTC fees did reach a high of $62.77 on April 21, 2021, which indicates that fees are 96.24% cheaper than the high recorded that day.
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