Ethereum (ETH) gas price history up until November 29, 2022

Published by
Raynor de Best,
May 17, 2024
Ethereum network fees paid to miners whenever a payment transaction is initiated on the blockchain more than tripled between October 2020 and March 2021. These transaction fees - commonly denoted as gas or Gwei - were considered to be very low up until 2020, when the Ethereum network started to cope with increasing amounts as well as more complex transactions. This coincided with the growing importance of Decentralized Finance or DeFi, with more services essentially putting more strain on the cryptocurrency's network. The consequence is that Ethereum gas price increased for all users, especially for NFT transactions across various segments.

Average daily gas price of Ethereum from August 2015 to November 29, 2022 (in Gwei)

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Release date

November 2022

Region

Worldwide

Survey time period

January 2019 to November 29, 2022

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

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