What are the most cost-effective hours to perform transactions on the Ethereum network due to low gas fees?

3 answers

• Mar 28, 2022 · 3 years ago
  The most cost-effective hours to perform transactions on the Ethereum network due to low gas fees are typically during off-peak hours. This is usually late at night or early in the morning when there is less network congestion. During these hours, the demand for transactions is lower, resulting in lower gas fees. It's important to note that gas fees can still fluctuate, so it's a good idea to monitor the network and choose the most optimal time based on current conditions.
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• Mar 28, 2022 · 3 years ago
  If you want to save on gas fees when performing transactions on the Ethereum network, consider performing them during the weekends. Gas fees tend to be lower during weekends as there is generally less network activity. Additionally, you can also check gas fee trackers and Ethereum network statistics to identify periods of low network congestion and take advantage of lower gas fees. Remember to plan your transactions ahead of time to make the most of these cost-effective hours.
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• Mar 28, 2022 · 3 years ago
  Based on my experience at BYDFi, I can tell you that the most cost-effective hours to perform transactions on the Ethereum network due to low gas fees are usually during the early morning hours, around 2-4 AM UTC. During this time, the network is less congested, resulting in lower gas fees. However, it's important to note that gas fees can still vary depending on network conditions and demand. It's always a good idea to keep an eye on gas fee trackers and plan your transactions accordingly.
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