Ethereum transaction fees skyrocket

Ethereum transaction costs have grown 14 times in a month.

Although Ethereum has undergone significant technicalimprovements, bandwidth network transactions still can not cope with great stress without a sharp increase in commissions.

This becomes evident during periods of increased demand for the altcoin.$8.75, which is 1300% more expensive than in July - $0.4-0.7.

Users of the decentralized exchange Uniswap have to shell out more than $45 per transfer.

The surge in interest in DeFi and the increased demand for DeFi tokens, mostly based on Ethereum, have led to a huge network load.On the most popular DeFi exchange, Uniswap, the situation is complicated by trading bots, which constantly increaseAs a result, Uniswap users have to pay up to $50 per transaction.

According to experts, the DeFi space is only at the beginning of its development, and the Ethereum network can no longer cope with the flow.Ethereum's transaction volume rose to an all-time high back in July.Everyone expects the transition to Ethereum 2.0, but Vitalik Buterin recently admitted that the technical implementation of the upgrade is much more complex than expected and cantake longer. 

At the same time, a month earlier  , Matter Labs announced the launch of a beta version of zkSync, a second-layer scaling solution. 

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