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6-month low Ethereum fees suggest altseason is inbound: Santiment
29.4.2024
The Ethereum network had its cheapest day in over six months, which could suggest altcoins could rally “sooner than many may expect.”
Peter Brandt slams “Outrageous” Ethereum gas post-Dencun upgrade
5.4.2024
Eminent financial specialist and professional marketer Peter Brandt has once again doubted the prospects of Ethereum (ETH), the well-known blockchain platform, the originator of smart contracts, and the foundation of the Decentralized Finance (DeFi) industry. According to Brandt, Ethereum, despite...
Ethereum Hit by 'Blobscriptions' in First Stress Test of Blockchain's New Data System
28.3.2024
Ethereum fees for "blobs" – the blockchain's new dedicated class of cheaper data storage – spiked Wednesday after a project called Ethscriptions created a new way of inscribing data, known as “blobscriptions.”
Ethereum Activates 'Dencun' Upgrade, in Landmark Move to Reduce Data Fees
13.3.2024
A key element of the upgrade is to enable a new place for storing data on the blockchain – referred to as "proto-danksharding," which gives room for a dedicated space that is separate from regular transactions, and at a lower cost
Ethereum Gas Fees Surge to 8-Month High As ERC-404 Tokens Take Off
12.2.2024
Gas fees on the Ethereum network have soared to levels not seen since March 2023, driven by the growing interest in a new experimental token standard known as ERC-404. Ethereum Gas Fees Reach Peak Levels On February 9, Ethereum gas prices soared to an average peak of 70 gwei, equivalent to $60...
Ethereum Developers Cite Blockchain State to Oppose Vitalik Buterin’s Gas Limit Increase Proposal
12.1.2024
Source: Pixabay Ethereum developers have expressed concerns over the recent proposal by the network’s co-founder Vitalik Buterin to increase the gas limit on the blockchain. Opposition to Vitalik Buterin’s Proposal In a Jan 11 blog post, Ethereum developer, Marius van der Wijden wrote...
Vitalik Buterin Advocates for Modest Gas Limit Increase in Ethereum Network
11.1.2024
Ethereum. Source: Adobe Ethereum co-founder Vitalik Buterin has recommended a “modest” increase in the gas limit to enhance the potential throughput of the Ethereum network. During a Reddit ask-me-anything (AMA) organized by the Ethereum Foundation’s research team, Buterin...
Binance wallet spends almost $1M in ETH gas fees in one day
21.9.2023
Binance reportedly said that they were doing a wallet aggregation process to ensure the safety of user funds
Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That’s a Big Deal
30.8.2023
Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit
Ethereum gas fees cool down after May memecoin frenzy
5.6.2023
Besides Ethereum, Bitcoin’s meme frenzy via Ordinals has steeply declined from its high in May
Cardano Price Forecast: Hydra Scaling Solution Gains Attention Amid Ethereum Gas Fee Surge – Is It Time to Buy?
11.5.2023
Cardano (ADA) continues to hold above its 200-Day Moving Average just above $0.3500, but sell pressure appears to be building.
Nonetheless, price forecasts are becoming more downbeat....
Read More: Cardano Price Forecast: Hydra Scaling Solution Gains Attention Amid Ethereum Gas Fee Surge – Is...
Worth it? Trader spends $120K on gas buying $155K worth of a memecoin
9.5.2023
A user spent an additional 76% of their total purchase price in gas fees on a single memecoin trade
Ethereum's Median Gas Fee Surges to 12-Month High as PEPE Frenzy Grips Market
5.5.2023
Users pay the fees, measured in fractions of ether known as GWEI, to execute transactions on the smart contract blockchain
Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability
20.4.2023
Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage
Ethereum gas price spikes 29% in January as user activity grows: Report
8.2.2023
Ethereum block statistics show that the average number of blocks mined each day showed little to no change, while the total block size per month increased by 7%
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
3.2.2023
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $4.52 per transaction to $5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As...
Ethereum Gas Fees Spike as ETH Value Rises: Average Onchain Fees Jump by More Than 50%
19.1.2023
While the second-largest crypto asset by market capitalization, ethereum, has risen 27% against the U.S. dollar in the last two weeks, the network’s average and median-sized gas fees have increased by more than 50%. On the first day of 2023, the average fee to spend ether was around $2.93...
Polygon Announces Upcoming Hard Fork to Address Gas Spikes and Chain Reorganizations
15.1.2023
The Ethereum scaling blockchain, Polygon, has revealed plans to initiate a hard fork on Jan. 17, 2023. According to the team, the network upgrade will “reduce the severity of gas spikes” and “address chain reorganizations (reorgs) in an effort to reduce time to finality.”...
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
10.12.2022
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 average ethereum transfer is around 0.0023 ether or $2.87 while the median-sized gas fee is around 0.00097 ether or $1.23...
Ethereum Gas Fees Skyrocket 10x Amid On-Chain Panic – Here’s What You Need to Know
9.11.2022
Ethereum network fees skyrocketed tenfold to as much as 318 Gwei on November 8 with a simple transaction nearing the level of $10 at one point. This, paired with the ongoing crypto market crash, has triggered a decrease in the coin’s price to below the level of $1,200. The prices of other tokens...