Auto Added by WPeMatico

L1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow

Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer…

Continue ReadingL1 Ethereum Network Fees Drop to Levels Not Seen in Over 2 Months, L2 Fees Follow

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

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 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 Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees

Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature…

Continue ReadingEthereum Co-Founder Vitalik Buterin Discusses Proposal to Alleviate Network’s Congestion, High Fees

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

Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year

There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that…

Continue ReadingStudy Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year

Privacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum

One of the largest cryptocurrency mixing protocols, Tornado.cash, has announced the project will deploy on the L2 (layer 2) Ethereum platform Arbitrum One. The creators of the Ethereum-based mixing application…

Continue ReadingPrivacy-Centric Crypto Mixing Protocol Tornado.cash Plans to Deploy on L2 Platform Arbitrum