Auto Added by WPeMatico

Meme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

Amid a significant uptick in ERC20 tokens, especially meme coins, the expense of conducting transactions on Ethereum has notably increased, pushing the average fee to $22.19 for each operation. Further…

Continue ReadingMeme Token Frenzy Drives up Ethereum Fees, Testing Network’s Scalability

Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

Fees tied to the Ethereum network have been under the $5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the…

Continue ReadingStats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days

Ethereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer

26 days ago, Ethereum transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) blockchain and after the change, the network’s fees remained low. This week, however, Ethereum’s gas fees…

Continue ReadingEthereum’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer

Ethereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper

Following Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, the blockchain network’s transaction fees have been much lower than they were ten days before The Merge. Roughly…

Continue ReadingEthereum’s Post-Merge Transfer Fees Remain Low, Since Mid-May High-Priority ETH Fees Are 93% Cheaper

Onchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel

With just over two weeks until The Merge, Ethereum network fees have reduced significantly as the average ethereum transfer fee has dropped to 0.00092 ether or $1.37 per transaction on…

Continue ReadingOnchain Ethereum Fees Remain Low Ahead of the Merge, 4 L2 Networks Offer Transfers Below a Nickel

For 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020

In 43 days, the Ethereum network could finally see a full transition from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. Meanwhile, during the last 38 days, Ethereum’s layer one…

Continue ReadingFor 38 Consecutive Days Ethereum Gas Fees Record the Lowest Rates Since 2020