Ethereum ATH Fees Drop, Remain 50% Higher Than During ICO Boom
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read moreFollowing a strong market correction this week, Ethereum (ETH) fees have finally dropped, at least for now. But they are still significantly higher compared to the highs seen during the 2017/2018 initial coin offering (ICO) boom.

After a week of ascending Ethereum fees, the trajectory finally moved downwards, at least for the moment. Median transaction fees have gone down 45% from their highest point ever of USD 8.48 seen two days ago to USD 4.66 today.
This is still 50% more than the highs of USD 3.1 reached in January 2018. It wouldn’t get this high again until August 2020.
Ethereum price dropped more than 9% in the past 24 hours to nearly USD 396 (at 8:56 UTC). It appreciated 2% in a week.

2020 has had its own craze developing and pushing the fees up – decentralized finance (DeFi), including yield farming, governance tokens, and additional incentives. In the past few months, DeFi has produced a number of different projects, perhaps some of the most talked-about being Compound (COMP), Balancer (BAL), yearn.finance (YFI), Ampleforth (AMPL), YAM, Curve (CRV), SUSHI, etc.
Actually, Mike Novogratz, founder and CEO of Galaxy Digital, just recently compared the DeFi craze to the ICO boom, stating that there might be an incoming correction.
Today, major DeFi tokens are down in double digits.
____
Learn more:
The Sky’s the Limit for Ethereum Fees, Leaving ETH Miners ‘Laughing’
Here is the Best Time of Day to Save on Ethereum Gas Prices
- How Tether Co-Founder William Quigley Views Crypto Regulations in Trump’s Second Term
- Trump Appoints PayPal Veteran David Sacks as ‘White House AI and Crypto Czar’
- What’s Happening in Crypto Today? Daily Crypto News Digest
- Trader Explains Why XRP Could Skyrocket to $100 After Tristan Tate X Post
- US SEC Scales Back 50-Member Crypto Enforcement Team: Report






