According to ChainCatcher, the average Bitcoin transaction fee reached $1.93 per transaction on June 23, the lowest level since October 2023.

In addition, ETH Gas fees are close to historical lows due to the transfer of activities from Ethereum to its Layer 2 network after the Dencun upgrade in March. Since the Dencun upgrade, the average gas price on Ethereum has fallen by about 92%. According to a report from Layer2 Insider, the L2 network earned $950,000 last week.