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Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees…

Continue ReadingFollowing a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days

Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise

While Ethereum network fees to transfer data dropped significantly in recent times, tapping a low of $5.98 per transaction in mid-March, gas fees are rising once again on the second-largest…

Continue ReadingAverage Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise

$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a…

Continue Reading$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

Ethereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer

Ethereum fees have continued to slide week after week and are now at the lowest value in seven months. On Tuesday, March 8, the average layer one (L1) Ethereum gas…

Continue ReadingEthereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer

Ethereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months

It’s getting cheaper to send ethereum these days as the gas price to push a transaction is more than 80% less expensive than it was to transact with ether 48…

Continue ReadingEthereum Network Fees Continue to Drop — Transfer Fees Hit Lowest Rate in 6 Months

Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so…

Continue ReadingEthereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

Ethereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January

The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time…

Continue ReadingEthereum Fees Drop to the Lowest Rate in 4 Months, 71% Lower Than Transfer Fees in January

Ethereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees

Ethereum’s average network fees have dropped to the lowest value in 30 days at 0.0096 ether or $24.64 per transaction. Median-sized ethereum fees are lower today as well, as fees…

Continue ReadingEthereum Fees Drop 53% in 20 Days — Polygon Hermez, Loopring Offer Lowest L2 Fees

Gas DAO Project Forms to Airdrop Tokens to Ethereum Users That Spent $1,559 in Fees

A new type of airdrop has been very popular during the last quarter of 2021 as quickly assembled decentralized autonomous organizations (DAOs) have been distributing lots of value to existing…

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Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in…

Continue ReadingEthereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed