Bitcoin network average transaction fee drops below $1
The indicator reached $0,825 for the first time since July 2020
22.08.2022 - 13:55
294
2 min
0
What’s new? The average transaction fee on the Bitcoin network has dropped below the $1 mark for the first time since July 2020. As of August 22, it stands at $0.825, according to Blockchain.com. The network's hashrate has also dropped from a mid-July high of 231,4 EH/s to levels around 206 EH/s.
What other metrics changed? According to Blockchain.com, bitcoin mining revenue increased 68,63% for the month, from $13,92 million in July to $23,48 million in August. The mining difficulty began to decline in May when it was at a record 31,25T. The indicator only moved to recovery in early August: at the time of writing, its value is 28,35T.
As of August 22, 13:05 UTC, bitcoin is trading at $21 185, having lost 1,3% in a day, according to Binance.
On August 4, the average transaction fee on the Ethereum network was $3. This is the lowest since December 2020, according to a study by Kaiko. The transaction fee peaked at nearly $200 in May 2022.
Useful material?
Telegram 
Twitter Crypto regulations
Group head Hester Peirce criticized the regulatory approach formed by former chairman Gary Gensler
Feb 5, 2025
Incidents
This status has been maintained for the first cryptocurrency since September 2021 but was canceled due to pressure from the IMF
Feb 3, 2025
Market
The Taproot Assets network will be used for the integration
Jan 31, 2025
Market
The index has grown by more than 535% over the entire period
Jan 30, 2025
Trends
As of January 21, the capitalization of this sector of the crypto market exceeds $519 billion
Jan 21, 2025
Market
The platform generated $9,5 million in revenue during the same time
Jan 20, 2025
Cryptocurrency rates
-
Bitcoin
$98 143
BTC
-1.01%
-
Ethereum
$2 779.71
ETH
+0.03%
-
Ripple
$2.51
XRP
-4.28%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Dogecoin
$0.263816
DOGE
-1.5%
-
Cardano
$0.765714
ADA
+0.95%
-
Stellar XLM
$0.340831
XLM
-2.9%
-
Litecoin
$108.18
LTC
+5.32%
-
Polkadot
$4.82
DOT
+0.61%
-
Bitcoin Cash
$334.93
BCH
+0.3%