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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
Polygon Completes Hard Fork to Reduce Gas Fee Spikes, Disruptive Reorgs
17.1.2023
The software upgrade to the Ethereum scaling project went live on Tuesday and included two proposals from December that Polygon validator teams voted to approve
Polygon primed for hard fork aimed at reducing gas fee spikes: New details revealed
15.1.2023
Polygon told Cointelegraph that the hard fork will take effect at block 38,189,056, which will be initiated without the influence of centralized actors
Bitgert partners with USM & develops the world’s 1st zero-gas fee Blockchain
27.12.2022
Bitgert and USM, short for the United States of Mars, have joined hands to enable Bitgert to establish its headquarters in the metaverse. It would be a virtual headquarters with its presence in the USM metaverse. More details are awaited on the development; however, users have already started...
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’s Average Gas Fee Jumps More Than 80% Higher Nearing $5 per Transfer
11.10.2022
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 have increased as data from October 10 shows the average fee tapped a high of $4.75...
S. Korean Crypto Project Klaytn Will Offer Gas Fee Rebates to Gaming Firms
28.9.2022
The South Korean project said it would offset user gas fees and contract fees charged to gaming companies built on its platform
Ethereum average gas fee falls down to $1.57, the lowest since 2020
3.7.2022
For nearly two years, between Jan. 2021 and May 2022, the average gas fee required by the Ethereum network was roughly $40, with May 1, 2022 recording the highest average daily gas cost of $196.638
Ethereum Network Reaches Lowest 6-Month Figure in Gas Fee
18.4.2022
A gas fee for the Ethereum network is a fee that compensates for the consumption of energy that is spent in processing and validating a transaction. The users pay the Ethereum gas fee for every transaction they perform. Value depends on the network congestion and demand for particular services...
Average Ethereum Gas Fee Jumps to $20 per Transfer, L2 Fees Follow Rise
3.4.2022
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 cryptocurrency network in terms of market valuation. On Sunday, April 3, the average transaction network...
Ethereum Fees Sink to Lowest Rate in 7 Months, Most L2 Fees Under $1 per Transfer
8.3.2022
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 fee is 0.0042 ether or $10.89 per transfer. At the same time, median-sized gas fees are much lower as well, hitting values not seen...
Ethereum Fees Drop 35% Since Last Week, Average ETH Gas Fee Still Above $30 per Transfer
19.1.2022
According to statistics, Ethereum network transaction fees have dropped 35% from the transfer fees recorded seven days ago. At the time of writing, the average fee to transact with ethereum is 0.0099 ether or $30.85 to $33.04 per transfer. The cheapest Layer two (L2) method to transfer ether...
GME rallies on GameStop NFT plans, Vitalik proposes new gas fee structure, Samsung integrates NFTs with smart TVs: Hodler’s Digest, Jan. 2-8
8.1.2022
Binance Smart Chain Devs Propose Ethereum-Like Gas Fee Burning Mechanism
23.10.2021
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that...
DeversiFi Explains What Caused the USD 23M Transaction Fee on Ethereum
29.9.2021
coinciding with gas fee changes associated with the EIP-1559 upgrade in some circumstances can lead to transactions with extremely high fees.”
Bitfinex paid a colossal $23M fee to send $100K of USDT
27.9.2021
In what is presumed as a technical error, popular crypto exchange Bitfinex have paid a seismic $23.7 million dollars in gas fee for a comparatively nominal $100K transaction
US Senator Warren Presses SEC to Address Crypto Exchange Outages, High Transaction Fees, Financial Inclusion
16.9.2021
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small...
Pillar V2, First Community-Run Multichain Wallet Cuts Gas Fees by 99%
28.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
28th June 2021, London, United Kingdom - The second iteration of Pillar’s flagship crypto wallet is launching in a period of stellar growth for the wider cryptocurrency industry as crypto assets across the board...
YFX.Com – Defi Trading Platform Support 100X Leverage. No KYC. No Gas Fee
11.4.2021
PRESS RELEASE. YFX.COM is the world’s first decentralized cross-chain perpetual contract exchange. While other trading platforms that provide leverage alternatives exist, YFX.COM is trailblazing a decentralized alternative to centralized exchanges and perpetual futures trading without...
Ethereum's high gas fee crisis won't be solved by EIP-1559: Coin Metrics report
24.3.2021
Consistently full blocks are the primary reason that gas prices have reached all-time highs