Ah, the glorious dawn of the Ethereum Pectra upgrade—like a well-seasoned soufflé—where gas fees, those mischievous gremlins, now sip softly at the network’s fountain. Median transaction costs? A mere 0.000061 ETH, or, if you’re feeling frugal, a crisp $0.15 a pop. Bitcoin’s fees? Still hanging around, apparently exercising patience—roughly $0.58 for a high-priority weekend sprint. Who knew fees could be so calm? Or so boring? 🤷♂️
Two Titans of the Blockchain Realm Keep Their Purse Strings Tight
Since the Pectra magic happened on May 7, 2025 (yes, the future is now), fees—those pesky little nags—have mostly stayed quiet. There was a fleeting temporary spike on May 12—like a cough in a library—pushing median gas to $0.687. But since May 17, Ethereum’s median fee sits comfortably at 0.000061 ETH, or about $0.15, just enough for a snack, not a splurge. Plus, swift confirmation? Less than 30 seconds, costing a tiny 0.65 gwei—okay, roughly $0.03—because who has time to wait, right? 🕒
Across all levels of urgency this weekend, Ethereum’s gas costs stay below one gwei, courtesy of Etherscan’s Gas Tracker, because apparently, no one wants to pay more for a digital hug. For everyday activities: swapping tokens? About $0.48. Selling NFTs? A modest $0.82. Token bridging? Around $0.16. Borrowing? A cool $0.41. And somehow, Ethereum’s median fee has been blissfully below $1 for a jaw-dropping 82 days—since February 24, 2025. Maybe blockchain is finally maturing, or just getting lazy. 🤔
Meanwhile, Bitcoin’s fees, though more noticeable than Ethereum’s—like a loud shirt in a tuxedo—have also played it cool. Over the same 82-day stretch, median Bitcoin fees haven’t gone beyond $1.50. Excluding a few outliers (like errant fireworks on Feb 24, April 23, and May 17), they usually hover under a dollar. On May 17? Costs are even friendlier, about 2 sat/vB—roughly $0.29—because why not make it easier? As of Saturday afternoon, fewer than 2,300 unconfirmed transfers lounged in the mempool—reduced fees, boosted bitcoin and ether prices, with Bitcoin flirting around $103,000 and ether cozying at $2,500. Who says crypto isn’t chilling? 💰
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2025-05-18 20:58