April 20, 2024

Ethereum Commission Price Rises To $ 7

Ethereum Commission Price Rises To $ 7

The Ethereum transaction price has reached an all-time high of $7.

The previous record was set during thethe price peak of 2017, when Ethereum users paid $4.5 per transaction. 

The increase in online fees indicates that a large number of users are manually increasing the transfer fee in order to complete it as quickly as possible. 

Ethereum Commission Price Rises To $ 7

Since the beginning of this month, the average commission priceEthereum has grown almost fivefold. The profitability of mining has also increased, setting a record for the last 2 years. At the time of writing, miners receive ~7 ETH for each block mined. This means that the profitability of mining ETH exceeds the profitability of mining Bitcoin.

Ethereum Commission Price Rises To $ 7

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Based on materialswww.theblockcrypto.com