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Transaction fees, explained


Why do blockchains need transaction fees — and which networks allow crypto to be transferred less expensively? This explained article takes a look

Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline


Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average...

Ethereum Transaction Fees Fall 82%, as Defi Hype Eases


The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode...

Defi Boom Fueling ETH Gas Fees, Threatens Viability of Smart Contracts


Growing Ethereum network transaction fees, which touched new highs recently, are a direct consequence of the increasing number of defi projects and yield farming. Yield farmers need to pay ETH for transactions like moving funds in and out of pools. The increased number of yield farmers leads...

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