• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Comparison of Altcoins Transaction Fees - Additional Data

user avatar

by Giorgi Kostiuk

2 years ago


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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana Experiences Significant Outflows Amid Market Uncertainty

chest

Solana experiences significant outflows amid market uncertainty, with over 1 million SOL leaving centralized exchanges in a 72-hour period.

user avatarLi Weicheng

Solana Faces Critical Support and Resistance Levels

chest

Analysts highlight Solana's struggle between fragile support and overhead resistance, with critical levels identified. Currently, Solana is consolidating around the $83-$87 area, which is viewed as critical short-term support.

user avatarAisha Farooq

Robinhood Reports Fourth Quarter Revenue of $128 Billion

chest

Robinhood reported fourth quarter revenue of $128 billion, a 27% year-over-year increase, but net income fell 33% to $605 million, leading to a 6.5% drop in stock price.

user avatarTenzin Dorje

Robinhood Expands Prediction Markets Amid NFL Season

chest

Robinhood has expanded its prediction market offerings to allow customers to make parlay-like bets, capitalizing on the surge in gambling during the NFL postseason.

user avatarBayarjavkhlan Ganbaatar

Bitmine Immersion Boosts Ethereum Holdings Amid Market Volatility

chest

Despite market volatility, institutional investors like Bitmine Immersion are increasing their Ethereum holdings.

user avatarElias Mukuru

XRP's Long-Term Outlook Remains Bullish Despite Short-Term Pain

chest

Diana connects XRP's current pullback to a larger cup-and-handle formation, suggesting a bullish continuation.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.