Recent analysis has shed light on the stark contrast in transaction fees between Ethereum and certain layer-2 altcoins. Ethereum, while positioned as a dominant altcoin, is notorious for its high transaction costs, particularly evident during congested periods. At present, transactions involving complex processes such as swaps, borrowings, and NFT sales on the ETH network typically come with a price tag ranging from $20 to $30 on average. The rise of layer-2 altcoins, which focus on boosting Ethereum's scalability without compromising security, has gained traction primarily due to Ethereum's steep fees. Notably, one altcoin has emerged as a cost-efficient alternative, facilitating transactions at a fraction of Ethereum's fees. Data reveals that transactions on Arbitrum, for instance, are approximately 505 times more cost-effective than Ethereum. This remarkable affordability has underscored the appeal of exploring alternative altcoins to navigate the cryptocurrency landscape more economically. Further analysis highlights the comparative cost benefits of various layer-2 altcoins in contrast to Ethereum: 1. Arbitrum – 505 times cheaper 2. Starknet – 449 times cheaper 3. Manta Pacific – 202 times cheaper 4. zkSync – 155 times cheaper 5. Optimism – 135 times cheaper 6. Base – 92 times cheaper. The ongoing discussion emphasizes the importance of diversifying cryptocurrency transactions to optimize costs and explore efficient alternatives within the realm of digital assets.
Comparison of Altcoins Transaction Fees - Additional Data

by Giorgi Kostiuk
2 years ago

Other news
Solana's Onchain Application Ecosystem Sees Tenfold Growth in TVL

Solana's application total value locked (TVL) has surged to over $30 billion, marking a tenfold increase since January 2024.

DeepSnitch AI DSNT Raises Over $11 Million in Presale

DeepSnitch AI has successfully raised over $11 million in its presale, currently ongoing online.

Bybit Hack Marks Largest Crypto Breach in History

February 2025 saw the largest single-month loss in crypto history due to a $151 billion breach at Bybit, linked to North Korea's Lazarus Group.

Senator Elizabeth Warren Criticizes Inclusion of Cryptocurrencies in 401k Plans

Senator Elizabeth Warren publicly criticizes the US policy change allowing cryptocurrencies in retirement accounts.

Elizabeth Warren Raises Concerns Over Crypto in 401k Plans

Senator Elizabeth Warren raises concerns about the inclusion of cryptocurrencies in 401k plans, warning of potential financial risks for workers.

XRP Market Structure Shifts as Whale Orders Increase

Recent onchain data indicates a significant shift in the XRP market structure, driven by large participants rather than retail investors.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter