Ether on-chain transactions fall 10% in a week, Gas fee and MEV triple-dip

Today’s MEV is only 1588.9 ETH, down about 64.73% from yesterday.

May 26 – Etherscan Gas prices are also at a lower level today, influenced by the steady decline in the number of transactions on the Etherscan chain. According to Etherscan’s monitoring, the number of Ether on-chain transactions on May 25 was about 1,289,400, down about 9.52% from seven days ago and down about 24.89% from the highest single-day transaction volume of the month set on May 9.

Ether on-chain transactions fall 10% in a week, Gas fee and MEV triple-dip

According to data from 16:00 BST, users who want to package their transactions at a lower speed (about 9 minutes and 36 seconds) will pay only 31 gwei; those who want to package their transactions at an average speed (about 30 seconds) will need to pay 40 gwei for the Gas price; and those who want to package their transactions quickly (about 30 seconds) will need to pay 47 gwei.

The current gas fees to be paid for ERC20 token transfers at low, medium and high confirmation speed levels are approximately $5.83, $7.52 and $8.84 respectively.

Ether on-chain transactions fall 10% in a week, Gas fee and MEV triple-dip

Looking at the trend, the average Gas price on Ether has dropped for 3 consecutive days. Today’s average Gas price is 38 gwei and the highest Gas price is 46 gwei, both of which are down more than 65% in 7 days. Currently, the average Gas price is at a lower level since this year.

Ether on-chain transactions fall 10% in a week, Gas fee and MEV triple-dip

As a result of this, the MEV (Maximum Extractable Value) has also decreased significantly in the last 3 days. As of 17:00, today’s MEV is only 1588.9 ETH, down about 64.73% from yesterday, and down about 86.58% from 3 days ago.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/ether-on-chain-transactions-fall-10-in-a-week-gas-fee-and-mev-triple-dip/
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