The cryptocurrency market is experiencing a period of low-cost blockchain activity, with both Bitcoin and Ethereum maintaining minimal fee structures for onchain transactions. Data reveals that the Ethereum network’s transaction costs have remained under 1 gwei. Meanwhile, Bitcoin’s protocol activity has seen a slight increase in volume.
Transactions on Ethereum’s network as of March 15, 2025, are relatively inexpensive, with a priority-speed Ether transaction costing approximately 1.53 gwei ($0.05). Standard or slower transfers have been recorded between 1.07 and 0.57 gwei, equivalent to $0.03 to $0.02. Ethereum’s network consistently reports between 1 million to 1.358 million daily transactions, a trend that has endured for months.
Specifically, decentralized exchange (DEX) swaps, non-fungible token (NFT) sales, bridging, and borrowing have all maintained low-cost standards. For instance, expedited token swaps on the Ethereum network currently cost about $0.81, although astute users can secure a trade for as low as $0.30. For NFT enthusiasts, a swift sale might cost $1.38 for priority, but many manage to get by with $0.51. Bridging assets costs a mere $0.10, and engaging borrowing protocols requires $0.69.
It’s worth noting that transferring Ethereum outright is invariably cheaper than interacting with smart contracts. This disparity is linked to the different computational resources required for these actions on the network. Over the last 30 days, Bitcoin’s daily transaction volume has fluctuated between 300,000 to 530,000 transfers.
The mempool, or the queue for pending transactions, remains virtually clear with 13,089 unconfirmed transactions as of 5:30 p.m. ET on Saturday. Data from mempool.space indicates that high-priority-speed transfers cost 2 satoshis per virtual byte (sat/vB), equating to $0.24. The average Bitcoin fee paid rests around 0.000012 BTC (4.9 sat/vB), which converts to approximately $1.03 based on current Bitcoin exchange rates.
The sustained low fees for Bitcoin and Ethereum network transactions highlight an intriguing period for both protocols, signaling modest demand and optimal conditions for users. As users navigate swaps, NFT trades, and bridging with minimal Ethereum costs, the current climate offers an opportune moment for seamless blockchain interactions.
The same pattern is observed within the Bitcoin ecosystem, where transactions mirror the lower fee dynamics seen in Ethereum. Whether this trend will continue depends on shifting market dynamics and network congestion. Regardless, the current situation underscores the affordability and efficiency of blockchain transactions, demonstrating the potential for further adoption and growth within the cryptocurrency sector.