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Ethereum Fees

cryptocurrency June 23, 2023

Advertisements Exchange supply decreased while short-term price action tilted upwards. ETH experienced high liquidity despite low network congestion. According to Santiment, Ethereum [ETH] fees were back to the low points experienced in March. During that period, ETH exchanged hands a little above $1,700. But a few weeks later, the altcoin surged to $2,100. Read Ethereum’s […]

cryptocurrency July 20, 2022

Advertisements Summary: Polygon has unveiled zkEVM, a layer 2 scaling solution that users zero-knowledge proofs to scale and reduce transaction costs on Ethereum. Polygon’s co-founder, Mihailo Bjelic, has described zkEVM as the ‘holy grail of Web3 infrastructure.’ Polygon zkEVM is estimated to reduce Ethereum fees by 90% compared to current costs on Ethereum’s layer 1. […]

cryptocurrency July 24, 2021

Advertisements The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on […]

cryptocurrency July 8, 2021

Advertisements Ethereum’s current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum  Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could […]

cryptocurrency June 28, 2021

Advertisements Gas fees on the Ethereum network have dropped to levels last seen in December 2020 However, social sentiment towards Ethereum remains at historic lows Ethereum is once again trading above $2k with $2,400 to $2,500 a likely short-term target There is a death cross forming on the daily ETH/USDT chart Gas fees on the […]

cryptocurrency May 12, 2021

Advertisements ETH/BTC pair is hovering at levels last seen during the 2017/2018 bull market According to PlanB, Ethereum at current levels of 0.08 BTC could open the doors to 0.12 BTC He however cautions that a pullback is usually the next phase after an altcoin peaks against Bitcoin An increase in Ethereum withdrawals from exchanges […]

cryptocurrency April 22, 2021

Advertisements The Ethereum network has settled $1.5 Trillion in transactions in the first quarter of 2021 This amount exceeds the last 7 quarters combined and the highest to date, in a quarter Ethereum could settle $6 Trillion by the end of 2021 According to Arthur Hayes, Ethereum is the most developed smart contract network in […]

cryptocurrency March 23, 2021

Advertisements Summary: Ethereum blocks are consistently full since the rise of DeFi in mid-2020 The majority of Ethereum blocks are at 95% or more Blocks can only include a specific amount of transactions and users are consistently paying higher fees to get their transaction processed quicker Transaction fees now make up 50% of Ethereum miner […]

cryptocurrency February 5, 2021

Advertisements In brief: Ethereum miners have earned $3.5 Million in ETH in a single hour This amount is the highest in Ethereum’s history The Ethereum network is also experiencing high gas fees with an average transaction costing $12 High gas fees on Ethereum could cause an exodus by developers and users to other blockchain networks  […]