Ethereum daily transactions increased to 1.6 million on Tuesday, with transaction fees nearing a new low of approximately $0.01 per transaction.

Foresight News reported, according to Cointelegraph, that Ethereum transaction fees remain at historic lows, at just 0.16 gwei, which is approximately $0.01 per transaction. According to blockchain data aggregation site Milkroad, the gas fee for token swaps is slightly higher at $0.15, while the gas fee for NFT sales is $0.27. Ethereum's daily transaction volume increased to 1.6 million on Tuesday, marking a new high for nearly a month. The last time this occurred was in early October, when a record $19 billions liquidation event took place.