Although Ethereum is the world's largest altcoin, it has almost always been associated with high transaction fees.
Especially during busy periods during the week, incredible figures can be seen in Ethereum transaction fees. At the time of this writing, complex transactions such as swaps, borrowings and NFT sales on the ETH network cost between $20 and $30 on average.
Layer-2 altcoins, which aim to increase the scalability of the Ethereum network without losing its security features, continue to be popular due to the high fees of ETH.
However, there is an altcoin that, according to data, can perform the same transactions at almost 500 times cheaper than the transaction fees in ETH.
According to the data, transactions in Arbitrum can currently be concluded on average 505 times cheaper than Ethereum.
Here's how much less costly layer-2 altcoin networks are to trade than ETH, according to the latest data:
- Arbitrum – 505 times
- Starknet – 449 floors
- Manta Pacific – 202 floors
- zkSync – 155 times
- Optimism – 135 times
- Base – 92 floors
*This is not investment advice.