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IntoTheBlock analysts: Drops in average transaction fees are generally a sign that Blockchain networks are processing transactions more efficiently
Slim Daddy, an analyst at IntoTheBlock, said that the average Money Laundering fall of ETH on April 27 was below $2.6 per transaction, coin.com reported. According to IntoTheBlock, the last time we saw such a fee drop was in October 2023, when it was as low as $1.78. A decrease in the average transaction fee usually indicates that the Blockchain network is dropping more efficiently processing transactions and that network congestion is decreasing.