A Rocky Year: Ethereum Turns 11 Years as ETH Trades 61% Below the High Set Last August
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Ethereum marked its 11th anniversary on July 30 while running a 60 million gas limit, double its level two years ago, with rollups carrying roughly 95% of transactions, underscoring strong layer-2 adoption. On the anniversary morning the base layer processed about 229 transactions per block (~21 tps) at ~55% fullness and a base fee near 5.3 gwei, implying costs of ~$0.20 for an ETH transfer, $0.52 for an ERC-20 transfer and $3.79 for a swap, which signals higher capacity and lower fees for DeFi, DEX and broader crypto activity.
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Ethereum’s (ETH) genesis block turned 11 on July 30, closing quite a busy year. The network now runs on a 60 million gas limit, double where it sat two years ago, with rollups carrying roughly 95% of its transactions.
On the morning of the anniversary, blocks were landing about 229 transactions each, close to 21 per second on the base layer, and running 55% full. The base fee sat near 5.3 gwei, which works out to about $0.20 for a plain ETH transfer, $0.52 for an ERC-20 transfer, and $3.79 for a swap, according to data from Etherscan.
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